Paranovus Entertainment Technology Stock Set to Reverse Split on Tuesday, March 31st (NASDAQ:PAVS)

Shares of Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) are set to reverse split before the market opens on Tuesday, March 31st. The 1-12 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, March 30th.

Paranovus Entertainment Technology Stock Down 18.6%

NASDAQ PAVS traded down $0.05 on Friday, reaching $0.20. The stock had a trading volume of 4,237,263 shares, compared to its average volume of 31,439,382. Paranovus Entertainment Technology has a 12-month low of $0.19 and a 12-month high of $140.00. The stock has a fifty day moving average price of $1.20 and a two-hundred day moving average price of $32.52.

Wall Street Analyst Weigh In

PAVS has been the subject of a number of research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Paranovus Entertainment Technology in a research note on Wednesday, December 24th. Wall Street Zen cut Paranovus Entertainment Technology from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Paranovus Entertainment Technology Company Profile

Paranovus Entertainment Technology, Inc (NASDAQ: PAVS) is a development‐stage technology company specializing in digital media solutions for the casino gaming, hospitality and entertainment sectors. The company’s core business revolves around the design, development and deployment of interactive software and hardware platforms that enhance guest engagement, streamline operations and deliver targeted advertising in high‐traffic venues.

Central to Paranovus’ offerings is its PAVS platform, an integrated system that supports virtual‐reality experiences, digital signage, social media kiosks and interactive gaming modules.