Northann Stock to Reverse Split on Tuesday, October 7th (NYSE:NCL)

Shares of Northann Corp. (NYSE:NCL) are going to reverse split on the morning of Tuesday, October 7th. The 1-8 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, October 6th.

Northann Stock Performance

Shares of NYSE NCL opened at $0.13 on Friday. The company has a quick ratio of 0.19, a current ratio of 0.53 and a debt-to-equity ratio of 0.09. The firm’s 50-day moving average price is $0.15 and its two-hundred day moving average price is $0.28. Northann has a 52-week low of $0.12 and a 52-week high of $1.52. The stock has a market capitalization of $12.46 million, a P/E ratio of -0.65 and a beta of 0.10.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Northann stock. Geode Capital Management LLC increased its stake in shares of Northann Corp. (NYSE:NCL) by 81.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 179,915 shares of the company’s stock after buying an additional 80,689 shares during the quarter. Geode Capital Management LLC owned about 0.19% of Northann worth $29,000 at the end of the most recent quarter. 0.34% of the stock is owned by hedge funds and other institutional investors.

About Northann

Northann Corp. engages in the manufacture, wholesale, and retail of the 3D printed vinyl flooring panels and other decorative panels in North America, Europe, and internationally. The company offers its products under the Benchwick brand name. Northann Corp. was founded in 2013 and is based in Elk Grove, California.