OLB Group (OLB) Expected to Release Earnings on Thursday

OLB Group (NASDAQ:OLB) is expected to be issuing its resultson Thursday, November 12th. Analysts expect the company to announce earnings of ($0.10) per share and revenue of $2.40 million for the quarter.

OLB Group (NASDAQ:OLB) last announced its quarterly earnings data on Friday, August 14th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.01. The firm had revenue of $1.28 million during the quarter, compared to analysts’ expectations of $2.10 million. OLB Group had a negative return on equity of 76.38% and a negative net margin of 68.26%.

OLB Group Stock Performance

NASDAQ:OLB opened at $0.19 on Thursday. The stock has a fifty day moving average price of $0.30 and a 200-day moving average price of $0.43. The company has a market cap of $4.56 million, a price-to-earnings ratio of -0.65 and a beta of 2.08. OLB Group has a fifty-two week low of $0.16 and a fifty-two week high of $1.80.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of OLB Group in a research report on Friday, October 30th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the company currently has an average rating of “Sell”.

About OLB Group

The OLB Group, Inc is a financial technology company that provides payment processing and merchant services to small and midsized businesses. Its solutions are designed to help merchants accept and manage transactions across in-store, online and mobile channels.

The company’s offerings include point-of-sale systems, e-commerce payment tools, mobile payment acceptance and integrated business-management services. Through its merchant-services platform, OLB supports functions such as transaction processing, payment security and merchant account management.

OLB has historically focused primarily on the U.S.