Netcapital (NASDAQ:NCPL) Shares to Reverse Split on Friday, August 2nd

Netcapital Inc. (NASDAQ:NCPL) shares are going to reverse split before the market opens on Friday, August 2nd. The 1-70 reverse split was announced on Friday, August 2nd. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, August 2nd.

Netcapital Stock Down 16.4 %

NASDAQ:NCPL traded down $0.01 on Wednesday, hitting $0.07. The stock had a trading volume of 10,877,813 shares, compared to its average volume of 6,066,383. The company has a market cap of $1.39 million, a PE ratio of -1.41 and a beta of -0.54. Netcapital has a 52 week low of $0.07 and a 52 week high of $0.72. The business’s fifty day moving average is $0.11 and its 200 day moving average is $0.13.

Institutional Trading of Netcapital

An institutional investor recently bought a new position in Netcapital stock. Armistice Capital LLC bought a new position in shares of Netcapital Inc. (NASDAQ:NCPL) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 860,000 shares of the company’s stock, valued at approximately $182,000. Armistice Capital LLC owned approximately 6.03% of Netcapital at the end of the most recent reporting period. 30.69% of the stock is owned by institutional investors.

Netcapital Company Profile

Netcapital Inc operates as a fintech company. It offers Netcapital.com, an SEC-registered funding portal that enables private companies to raise capital online, as well as allows investors to invest from anywhere in the world. The company also provides various services, including automated onboarding process and filing of required regulatory documents; compliance review; custom-built offering page on its portal website; third party transfer agent and custodial services; and rolling closes which provides access to liquidity before final close date of offerings, as well as assistance with annual fillings and direct access to team for ongoing support.