JBDI (NASDAQ:JBDI) Shares Scheduled to Reverse Split on Thursday, June 25th

JBDI Holdings Limited (NASDAQ:JBDI)’s stock is set to reverse split on Thursday, June 25th. The 1-2 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, June 24th.

JBDI Price Performance

Shares of JBDI stock traded down $0.04 on Wednesday, hitting $0.58. 31,692 shares of the company’s stock were exchanged, compared to its average volume of 303,528. JBDI has a 12 month low of $0.39 and a 12 month high of $3.00. The company has a 50 day moving average of $0.57 and a 200 day moving average of $0.69. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.46 and a quick ratio of 4.19.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of JBDI in a report on Friday, May 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

About JBDI

JBDI Holdings Limited engages in the trading of reconditioned and recycling containers in Singapore and the Southeast Asia region. The company offers reconditioning and recycling drums, including open top drums, metal drums, plastic drums, plastic carboys, and intermediate bulk containers, as well as new drums, and collects waste drums and related products. It serves solvent, chemical, petroleum, and edible product oil industries. The company was founded in 1983 and is based in Singapore. JBDI Holdings Limited operates as a subsidiary of E U Holdings Pte.