Reliance Global Group (NASDAQ:RELI) Cut to Sell at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen downgraded shares of Reliance Global Group (NASDAQ:RELI – Free Report) from a hold rating to a sell rating in a research report released on Saturday morning.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Reliance Global Group in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

View Our Latest Stock Analysis on Reliance Global Group

Reliance Global Group Price Performance

NASDAQ:RELI opened at $0.56 on Friday. Reliance Global Group has a 1-year low of $0.50 and a 1-year high of $3.55. The firm has a fifty day simple moving average of $0.71 and a 200 day simple moving average of $1.00.

Reliance Global Group (NASDAQ:RELI – Get Free Report) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.20) earnings per share (EPS) for the quarter. The business had revenue of $5.25 million for the quarter.

Reliance Global Group Company Profile

(Get Free Report)

Reliance Global Group, Inc is an externally managed business development company that provides debt and equity financing to middle-market companies and real estate ventures. The firm offers customized capital solutions including senior secured loans, subordinated debt, mezzanine financing and equity co-investments. By focusing on businesses and projects that may be underserved by traditional lenders, Reliance Global Group seeks to support client growth and generate attractive risk-adjusted returns for its investors.

The company’s investment strategy spans a diverse array of industries, with a particular focus on commercial real estate, healthcare, technology, consumer products and specialty finance.

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