OFA Group (NASDAQ:OFAL) Shares Set to Reverse Split on Friday, July 31st

Shares of OFA Group (NASDAQ:OFAL) are going to reverse split before the market opens on Friday, July 31st. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, July 30th.

OFA Group Price Performance

Shares of OFAL traded down $0.01 on Monday, hitting $0.10. The company’s stock had a trading volume of 1,174,828 shares, compared to its average volume of 573,899. OFA Group has a fifty-two week low of $0.08 and a fifty-two week high of $1.93. The company has a 50 day moving average price of $0.22 and a 200 day moving average price of $0.42. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.04.

OFA Group (NASDAQ:OFAL) last released its quarterly earnings results on Tuesday, July 14th. The company reported ($0.16) earnings per share for the quarter. The company had revenue of $0.06 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of OFA Group in a report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in OFA Group stock. Virtu Financial LLC bought a new stake in OFA Group (NASDAQ:OFAL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 37,733 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned 0.27% of OFA Group as of its most recent filing with the Securities and Exchange Commission.

OFA Group Company Profile

Through our wholly owned operating subsidiary, Office for Fine Architecture Limited, we provide comprehensive architectural services, including design and fit out services for commercial and residential buildings. The design service includes both the consultation with our staff and the actual design work and the Company provides a specific conceptualized design with layout plans, detailed design drawings, advice relating to, among other things, budgetary consideration, optimal use of space, the materials, fittings, furniture, appliances and other items to be used with an aim to produce a preliminary design plan and quotation for clients’ considerations.