Shares of MGN (NASDAQ:MGN – Free Report) are going to reverse split before the market opens on Tuesday, September 8th. The 1-40 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, September 7th.
MGN Stock Up 1.8%
MGN stock traded up $0.00 during trading on Thursday, hitting $0.11. The company had a trading volume of 803,541 shares, compared to its average volume of 17,296,383. MGN has a 1-year low of $0.06 and a 1-year high of $8.63. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.05 and a current ratio of 2.05. The company has a 50 day simple moving average of $4.29.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded MGN from a “sell (e)” rating to a “sell (d-)” rating in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.
About MGN
Megan Holdings is a company principally engaged in the development, construction and maintenance of aquaculture farms and related works. Megan Holdings is based in Malaysia.
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