Enhanced Group (NYSE:ENHA) Shares Scheduled to Reverse Split on Wednesday, October 28th

Enhanced Group (NYSE:ENHA) shares are going to reverse split on the morning of Wednesday, October 28th. The 1-10 reverse split was announced on Monday, September 28th. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, October 27th.

Enhanced Group Stock Down 2.2%

Shares of NYSE:ENHA opened at $1.10 on Friday. Enhanced Group has a 12 month low of $1.06 and a 12 month high of $14.00. The firm has a 50-day simple moving average of $1.47.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ENHA. Weiss Ratings raised Enhanced Group from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday, September 25th. Canaccord Genuity Group dropped their target price on Enhanced Group from $6.00 to $5.00 and set a “buy” rating for the company in a report on Monday, August 17th. Wall Street Zen downgraded Enhanced Group to a “strong sell” rating in a research report on Saturday, August 1st. Finally, Cantor Fitzgerald initiated coverage on Enhanced Group in a report on Wednesday, September 23rd. They set an “overweight” rating and a $4.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $4.50.

About Enhanced Group

We are a blank check company incorporated in the British Virgin Islands as a business company with limited liability and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.