Reliance Global Group (NASDAQ:RELI) Raised to “Hold” at Wall Street Zen

Reliance Global Group (NASDAQ:RELI) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

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

Reliance Global Group Trading Down 1.1%

Shares of NASDAQ RELI opened at $0.64 on Friday. The firm has a 50-day simple moving average of $0.87 and a 200-day simple moving average of $1.16. Reliance Global Group has a 52 week low of $0.61 and a 52 week high of $5.11.

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

Reliance Global Group Company Profile

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.