Reliance Global Group (NASDAQ:RELI) Lowered to Sell Rating by Wall Street Zen

by · The Markets Daily

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

Separately, Weiss Ratings reiterated 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, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Read Our Latest Research Report on Reliance Global Group

Reliance Global Group Stock Performance

Shares of RELI opened at $0.73 on Friday. The business has a fifty day moving average of $0.84 and a 200 day moving average of $1.13. Reliance Global Group has a 52-week low of $0.61 and a 52-week high of $5.11.

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

Reliance Global Group Dividend Announcement

The business also recently announced a special dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Thursday, October 30th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, October 30th.

Reliance Global Group Company Profile

(Get Free Report)

Reliance Global Group, Inc focuses in the acquisition and management of wholesale and retail insurance agencies in the United States. It provides agency services for insurance products in the healthcare and Medicare, personal and commercial, trucking, property and casualty, and insurance brokerage. The company was formerly known as Ethos Media Network, Inc and changed its name to Reliance Global Group, Inc in October 2018.

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