Wearable Devices (NASDAQ:WLDS) Shares Set to Reverse Split on Monday, March 17th

Wearable Devices Ltd. (NASDAQ:WLDS) shares are set to reverse split on the morning of Monday, March 17th. The 1-4 reverse split was announced on Thursday, March 13th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, March 14th.

Wearable Devices Stock Down 20.6 %

WLDS stock traded down $0.13 during trading on Thursday, hitting $0.49. The company had a trading volume of 178,058 shares, compared to its average volume of 329,615. The firm has a 50-day moving average price of $1.11 and a 200-day moving average price of $2.74. Wearable Devices has a 1-year low of $0.49 and a 1-year high of $16.00. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.00 and a current ratio of 1.34.

About Wearable Devices

Wearable Devices Ltd. engages in the development of a non-invasive neural input interface for controlling digital devices using subtle touchless finger movements. The company offers Mudra development kits that enable users to control digital devices, including consumer electronics, smart watches, smartphones, AR glasses, VR headsets, televisions, personal computers and laptop computers, drones, robots, and others through finger movements and hand gestures; and SNC sensor module, an operating system (OS) software package and algorithm package to customers.