Shengfeng Development (NASDAQ:SFWL) Stock Scheduled to Reverse Split on Tuesday, September 8th

Shengfeng Development Limited (NASDAQ:SFWL) shares are going to reverse split on Tuesday, September 8th. The 1-15 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, September 7th.

Shengfeng Development Stock Performance

Shengfeng Development stock opened at $0.89 on Friday. The firm’s fifty day simple moving average is $0.86 and its 200-day simple moving average is $0.90. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.27 and a current ratio of 1.27. Shengfeng Development has a 1-year low of $0.56 and a 1-year high of $1.28.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Shengfeng Development from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, August 7th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

About Shengfeng Development

Shengfeng Development Limited, through its subsidiaries, provides contract logistics services in the People's Republic of China. The company offers business-to-business freight transportation services, such as full truckload and less than truckload; and cloud storage services, including warehouse management, order fulfillment, delivery process management, in-warehouse processing, and inventory optimization management services. It also provides value-added services comprising collection on delivery, customs declaration, delivery upstairs, packaging, pay-at-arrival, return proof of delivery, and shipment protection.