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

Reliance Global Group (NASDAQ:RELI) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report 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 investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Reliance Global Group currently has a consensus rating of “Sell”.

Reliance Global Group Stock Down 1.5%

RELI stock opened at $0.73 on Friday. The company has a 50-day simple moving average of $0.84 and a 200 day simple moving average of $1.13. Reliance Global Group has a fifty-two week low of $0.61 and a fifty-two week high of $5.11.

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

About Reliance Global Group

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.