Founder Group Shares to Reverse Split on Tuesday, February 10th (NASDAQ:FGL)

Founder Group Limited (NASDAQ:FGL)’s stock is set to reverse split on Tuesday, February 10th. The 1-100 reverse split was announced on Friday, February 6th. The number of shares owned by shareholders will be adjusted after the market closes on Monday, February 9th.

Founder Group Price Performance

FGL traded down $0.04 during trading on Friday, reaching $0.10. 14,117,209 shares of the stock traded hands, compared to its average volume of 4,366,031. The firm’s 50-day moving average price is $0.21. The company has a current ratio of 1.08, a quick ratio of 1.06 and a debt-to-equity ratio of 1.07. Founder Group has a fifty-two week low of $0.07 and a fifty-two week high of $1.69.

Analyst Upgrades and Downgrades

Several brokerages recently commented on FGL. Weiss Ratings reissued a “sell (d)” rating on shares of Founder Group in a research note on Monday, December 29th. Wall Street Zen raised shares of Founder Group to a “hold” rating in a research report on Saturday, November 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Founder Group currently has an average rating of “Sell”.

Founder Group Company Profile

Founder Group is a diversified investment holding company originally established in 1986 by Peking University. The group traces its roots to one of China’s leading academic institutions and has since evolved into a state-owned enterprise focused on fostering innovation and technology commercialization. Leveraging its academic heritage, Founder Group has built a network of subsidiaries and affiliates across a range of high-growth industries.

The company’s main business activities span information technology and digital printing, including integrated circuit design, software development and advanced printing solutions.