Treasure Global Stock Set to Reverse Split on Monday, November 16th (NASDAQ:TGL)

Treasure Global Inc. (NASDAQ:TGL)’s stock is going to reverse split on the morning of Monday, November 16th. The 1-24 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, November 15th.

Treasure Global Trading Up 16.1%

TGL traded up $0.02 on Friday, hitting $0.18. The company had a trading volume of 3,092,421 shares, compared to its average volume of 2,297,544. The firm has a market cap of $928,284.00, a P/E ratio of -0.01 and a beta of 3.22. Treasure Global has a 1 year low of $0.14 and a 1 year high of $58.00. The company’s fifty day moving average price is $1.18 and its 200 day moving average price is $3.21.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Treasure Global in a research note on Monday, September 21st. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

About Treasure Global

Treasure Global Inc. is a technology company focused on e-commerce, digital payments and customer loyalty solutions. The company operates ZCITY, a digital platform designed to connect consumers with merchants through payment services, rewards and lifestyle-related offerings. Through its platform, Treasure Global provides tools intended to support online transactions, merchant engagement and consumer savings. ZCITY has offered services such as digital payments, loyalty rewards, promotional deals and access to products and services from participating merchants.