Paranovus Entertainment Technology (NASDAQ:PAVS) Shares to Reverse Split on Tuesday, March 31st

Shares of Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) are scheduled to reverse split on Tuesday, March 31st. The 1-12 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, March 30th.

Paranovus Entertainment Technology Stock Down 18.6%

Shares of PAVS traded down $0.05 during trading hours on Friday, reaching $0.20. 4,237,263 shares of the stock traded hands, compared to its average volume of 31,439,382. Paranovus Entertainment Technology has a 52-week low of $0.19 and a 52-week high of $140.00. The company’s 50-day moving average price is $1.20 and its two-hundred day moving average price is $32.52.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on PAVS shares. Wall Street Zen cut Paranovus Entertainment Technology from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Paranovus Entertainment Technology in a research report on Wednesday, December 24th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

About Paranovus Entertainment Technology

Paranovus Entertainment Technology, Inc (NASDAQ: PAVS) is a development‐stage technology company specializing in digital media solutions for the casino gaming, hospitality and entertainment sectors. The company’s core business revolves around the design, development and deployment of interactive software and hardware platforms that enhance guest engagement, streamline operations and deliver targeted advertising in high‐traffic venues.

Central to Paranovus’ offerings is its PAVS platform, an integrated system that supports virtual‐reality experiences, digital signage, social media kiosks and interactive gaming modules.