OFA Group Stock to Reverse Split on Tuesday, November 10th (NASDAQ:OFAL)

OFA Group (NASDAQ:OFAL) shares are going to reverse split on the morning of Tuesday, November 10th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, November 9th.

OFA Group Price Performance

Shares of OFA Group stock traded down $0.05 during trading on Thursday, reaching $0.23. The company’s stock had a trading volume of 469,017 shares, compared to its average volume of 3,685,444. The stock has a 50-day moving average price of $0.50 and a two-hundred day moving average price of $2.87. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.05. OFA Group has a one year low of $0.23 and a one year high of $10.00. The stock has a market capitalization of $5.59 million, a P/E ratio of -0.33 and a beta of 1.58.

OFA Group (NASDAQ:OFAL) last issued its quarterly earnings results on Saturday, August 15th. The company reported ($0.72) earnings per share (EPS) for the quarter. The company had revenue of $0.01 million for the quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on OFAL shares. Wall Street Zen upgraded shares of OFA Group to a “sell” rating in a research report on Saturday, September 12th. Weiss Ratings reissued a “sell (e+)” rating on shares of OFA Group in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company has an average rating of “Sell”.

OFA Group Company Profile

Through our wholly owned operating subsidiary, Office for Fine Architecture Limited, we provide comprehensive architectural services, including design and fit out services for commercial and residential buildings. The design service includes both the consultation with our staff and the actual design work and the Company provides a specific conceptualized design with layout plans, detailed design drawings, advice relating to, among other things, budgetary consideration, optimal use of space, the materials, fittings, furniture, appliances and other items to be used with an aim to produce a preliminary design plan and quotation for clients’ considerations.