OFA Group Shares Scheduled to Reverse Split on Tuesday, November 10th (NASDAQ:OFAL)

OFA Group (NASDAQ:OFAL) shares are scheduled to reverse split on Tuesday, November 10th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, November 9th.

OFA Group Price Performance

Shares of NASDAQ:OFAL opened at $0.23 on Friday. The company’s fifty day moving average price is $0.49 and its 200 day moving average price is $2.85. OFA Group has a 12 month low of $0.23 and a 12 month high of $10.00. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.40 and a quick ratio of 0.40. The firm has a market capitalization of $5.59 million, a P/E ratio of -0.33 and a beta of 1.58.

OFA Group (NASDAQ:OFAL) last announced its quarterly earnings results on Saturday, August 15th. The company reported ($0.72) earnings per share for the quarter. The company had revenue of $0.01 million for the quarter.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Wall Street Zen raised OFA Group to a “sell” rating in a report on Saturday, September 12th. Weiss Ratings reissued a “sell (e+)” rating on shares of OFA Group in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, OFA Group has an average rating of “Sell”.

OFA Group Company Profile

Through our wholly owned operating subsidiary, Office for Fine Architecture Limited, we provide comprehensive architectural services, including design and fit out services for commercial and residential buildings. The design service includes both the consultation with our staff and the actual design work and the Company provides a specific conceptualized design with layout plans, detailed design drawings, advice relating to, among other things, budgetary consideration, optimal use of space, the materials, fittings, furniture, appliances and other items to be used with an aim to produce a preliminary design plan and quotation for clients’ considerations.