Treasure Global Stock to Reverse Split on Monday, November 16th (NASDAQ:TGL)

Treasure Global Inc. (NASDAQ:TGL) shares are going to reverse split before the market opens on Monday, November 16th. The 1-24 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, November 15th.

Treasure Global Price Performance

Shares of NASDAQ:TGL traded up $0.02 during midday trading on Friday, hitting $0.18. The company had a trading volume of 3,092,421 shares, compared to its average volume of 2,297,544. The business’s 50-day simple moving average is $1.18 and its 200-day simple moving average is $3.21. The stock has a market cap of $928,284.00, a price-to-earnings ratio of -0.01 and a beta of 3.22. Treasure Global has a twelve month low of $0.14 and a twelve month high of $58.00.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Treasure Global in a research note on Monday, September 21st. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock has a consensus rating of “Sell”.

About Treasure Global

Treasure Global Inc. is a technology company focused on e-commerce, digital payments and customer loyalty solutions. The company operates ZCITY, a digital platform designed to connect consumers with merchants through payment services, rewards and lifestyle-related offerings. Through its platform, Treasure Global provides tools intended to support online transactions, merchant engagement and consumer savings. ZCITY has offered services such as digital payments, loyalty rewards, promotional deals and access to products and services from participating merchants.