Founder Group (NASDAQ:FGL) Stock Scheduled to Reverse Split on Tuesday, September 1st

Founder Group Limited (NASDAQ:FGL)’s stock is set to reverse split on Tuesday, September 1st. The 1-100 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, August 31st.

Founder Group Stock Performance

Shares of NASDAQ:FGL traded down $0.02 during midday trading on Friday, reaching $0.15. The company’s stock had a trading volume of 25,921,862 shares, compared to its average volume of 7,959,304. The business has a 50 day moving average price of $0.96 and a 200 day moving average price of $3.22. Founder Group has a 1 year low of $0.12 and a 1 year high of $140.00. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.15 and a quick ratio of 1.14.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Founder Group in a research report on Monday, August 3rd. 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”.

Insider Transactions at Founder Group

In related news, major shareholder Financial Lp Hrt sold 146,713 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $0.33, for a total value of $48,415.29. Following the transaction, the insider owned 41,361 shares in the company, valued at approximately $13,649.13. This trade represents a 78.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last three months, insiders have purchased 185,191 shares of company stock worth $42,373. 0.60% of the stock is currently owned by corporate insiders.

About Founder Group

Founder Group is a diversified investment holding company originally established in 1986 by Peking University. The group traces its roots to one of China’s leading academic institutions and has since evolved into a state-owned enterprise focused on fostering innovation and technology commercialization. Leveraging its academic heritage, Founder Group has built a network of subsidiaries and affiliates across a range of high-growth industries.

The company’s main business activities span information technology and digital printing, including integrated circuit design, software development and advanced printing solutions.