Founder Group Stock to Reverse Split on Tuesday, February 10th (NASDAQ:FGL)

Shares of Founder Group Limited (NASDAQ:FGL) are set to reverse split before the market opens on Tuesday, February 10th. The 1-100 reverse split was announced on Friday, February 6th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, February 9th.

Founder Group Stock Down 27.5%

Founder Group stock traded down $0.04 during trading hours on Friday, reaching $0.10. 14,117,209 shares of the company were exchanged, compared to its average volume of 4,366,031. Founder Group has a 12 month low of $0.07 and a 12 month high of $1.69. The company has a quick ratio of 1.06, a current ratio of 1.08 and a debt-to-equity ratio of 1.07. The firm has a 50-day moving average price of $0.21.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Founder Group in a report on Monday, December 29th. Wall Street Zen raised shares of Founder Group to a “hold” rating in a research report on Saturday, November 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Founder Group Company Profile

Founder Group is a diversified investment holding company originally established in 1986 by Peking University. The group traces its roots to one of China’s leading academic institutions and has since evolved into a state-owned enterprise focused on fostering innovation and technology commercialization. Leveraging its academic heritage, Founder Group has built a network of subsidiaries and affiliates across a range of high-growth industries.

The company’s main business activities span information technology and digital printing, including integrated circuit design, software development and advanced printing solutions.