Top Wealth Group (NASDAQ:TWG) Stock Scheduled to Reverse Split on Monday, October 26th

Top Wealth Group Holding Limited (NASDAQ:TWG) shares are going to reverse split on Monday, October 26th. The 1-100 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, October 25th.

Top Wealth Group Stock Performance

NASDAQ TWG traded down $0.02 on Thursday, reaching $0.05. The company had a trading volume of 11,789,664 shares, compared to its average volume of 24,068,396. The firm’s 50 day moving average price is $0.35 and its 200 day moving average price is $1.87. Top Wealth Group has a 12 month low of $0.04 and a 12 month high of $26.36.

Top Wealth Group (NASDAQ:TWG) last announced its quarterly earnings results on Wednesday, August 19th. The company reported $0.06 EPS for the quarter. The company had revenue of $3.07 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Top Wealth Group in a research report on Friday, August 21st. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company has a consensus rating of “Sell”.

Top Wealth Group Company Profile

Top Wealth Group Holding Limited is a Hong Kong-based company focused on the distribution of premium cigars and related tobacco products. Through its operating subsidiaries, the company serves customers in Hong Kong and works with suppliers and business partners in the premium cigar market.

Its product offering includes well-known Cuban cigar brands such as Cohiba, Montecristo, Partagás, Romeo y Julieta, H. Upmann and Trinidad. The company distributes cigars through business-to-business channels, including retailers and other commercial customers, catering primarily to the premium and luxury tobacco segment.

Top Wealth Group Holding Limited is incorporated in the Cayman Islands and operates principally through its Hong Kong business.