Onfolio Shares Set to Reverse Split on Monday, August 10th (NASDAQ:ONFO)

Onfolio Holdings Inc. (NASDAQ:ONFO)’s stock is scheduled to reverse split on the morning of Monday, August 10th. The 1-50 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, August 9th.

Onfolio Stock Performance

Shares of NASDAQ ONFO traded down $0.01 during trading hours on Thursday, hitting $0.06. 227,904,270 shares of the company’s stock were exchanged, compared to its average volume of 47,490,772. Onfolio has a 1-year low of $0.05 and a 1-year high of $2.48. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.20 and a quick ratio of 0.20. The stock has a market capitalization of $422,400.00, a price-to-earnings ratio of -0.07 and a beta of 3.57. The company’s 50-day moving average price is $0.27 and its 200-day moving average price is $0.58.

Onfolio (NASDAQ:ONFO) last posted its quarterly earnings data on Friday, May 15th. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.21). Onfolio had a negative net margin of 44.11% and a negative return on equity of 80.51%. The business had revenue of $1.87 million during the quarter, compared to the consensus estimate of $1.68 million.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Onfolio from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, May 28th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

About Onfolio

Onfolio Holdings, Inc acquires and develops internet businesses. It provides website management, digital, advertising, and content placement services on its websites; and product sales on various sites. The company was founded in 2019 and is based in Wilmington, Delaware.