Multi Ways (NYSE:MWG) Shares Scheduled to Reverse Split on Monday, February 23rd

Shares of Multi Ways Holdings Limited (NYSE:MWG) are going to reverse split before the market opens on Monday, February 23rd. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, February 22nd.

Multi Ways Stock Up 4.3%

MWG opened at $0.23 on Friday. The stock’s 50 day moving average price is $0.26 and its two-hundred day moving average price is $0.27. Multi Ways has a 12-month low of $0.21 and a 12-month high of $0.61.

About Multi Ways

Multi Ways Holdings Limited supplies a range of heavy construction equipment for sales and rental in Singapore, Australia, and internationally. The company engages in the supplying and rental of new and used heavy construction equipment in the infrastructure, building construction, mining, offshore and marine, and oil and gas industries. It offers earth-moving equipment, such as bulldozers, off-terrain dump trucks, excavators, and wheel loaders; material-handling equipment, such as crawler cranes, rough terrain cranes, scissor lifts, forklifts, boom-lifts, and telescopic handlers; road-building equipment comprising motor graders, vibrating compactors, asphalt finishers, skid loaders, backhoe loaders, hand rollers, and mini excavators; and air compressors, generators, lighting towers, and welding machines.