Meiwu Technology Stock Scheduled to Reverse Split on Monday, April 6th (NASDAQ:WNW)

Meiwu Technology Company Limited (NASDAQ:WNW) shares are scheduled to reverse split on the morning of Monday, April 6th. The 1-100 reverse split was announced on Wednesday, April 1st. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, April 3rd.

Meiwu Technology Trading Down 27.7%

Shares of NASDAQ:WNW opened at $0.06 on Thursday. Meiwu Technology has a 1 year low of $0.05 and a 1 year high of $13.52. The firm’s 50-day moving average is $1.23 and its two-hundred day moving average is $1.51.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Meiwu Technology in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Meiwu Technology Company Profile

Wunong Net Technology Company Limited, a holding company, engages in the online retail of foods products in China. The company offers green food, organic food, intangible cultural heritage food, agricultural products, and pollution-free products. It also operates a restaurant under the Wunong Food Hall name; and engages in the wholesale of agricultural products. The company was formerly known as Advancement International Limited and changed its name to Wunong Net Technology Company Limited in August 2019.