FBS Global Shares to Reverse Split on Monday, September 28th (NASDAQ:FBGL)

Shares of FBS Global Limited (NASDAQ:FBGL) are going to reverse split on the morning of Monday, September 28th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, September 27th.

FBS Global Stock Performance

FBGL traded down $0.03 on Thursday, hitting $0.37. 2,523,699 shares of the company were exchanged, compared to its average volume of 1,425,264. The stock’s fifty day moving average is $0.44 and its 200-day moving average is $0.54. FBS Global has a 12 month low of $0.34 and a 12 month high of $1.40.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded FBS Global from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, September 14th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, FBS Global presently has a consensus rating of “Sell”.

Institutional Trading of FBS Global

A hedge fund recently raised its stake in FBS Global stock. Renaissance Technologies LLC lifted its holdings in shares of FBS Global Limited (NASDAQ:FBGL) by 15.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 144,492 shares of the company’s stock after acquiring an additional 19,647 shares during the quarter. Renaissance Technologies LLC owned approximately 1.07% of FBS Global worth $86,000 as of its most recent SEC filing.

FBS Global Company Profile

FBS Global Limited is a Singapore-based food and beverage company focused on the distribution and supply of food products and ingredients. The company serves business customers in the foodservice sector, including restaurants, hotels, caterers and other commercial food operators.

Its activities include sourcing food products from suppliers and providing procurement and distribution services designed to support customers’ food and beverage operations. The company’s business is primarily oriented toward the business-to-business market rather than direct retail sales.

FBS Global operates through its Singapore-centered business and serves customers in the broader foodservice industry.