Blue Hat Interactive Entertainment Technology Stock Set to Reverse Split on Monday, March 9th (NASDAQ:BHAT)

Blue Hat Interactive Entertainment Technology (NASDAQ:BHAT) shares are set to reverse split on Monday, March 9th. The 1-50 reverse split was announced on Wednesday, March 4th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, March 6th.

Blue Hat Interactive Entertainment Technology Stock Performance

NASDAQ:BHAT traded up $0.01 during trading hours on Thursday, reaching $0.04. The company had a trading volume of 1,491,088,109 shares, compared to its average volume of 62,608,965. The stock has a 50-day moving average of $0.80 and a two-hundred day moving average of $1.30. Blue Hat Interactive Entertainment Technology has a one year low of $0.03 and a one year high of $6.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 7.27 and a current ratio of 23.03.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Blue Hat Interactive Entertainment Technology in a report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Blue Hat Interactive Entertainment Technology

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Citadel Advisors LLC acquired a new stake in shares of Blue Hat Interactive Entertainment Technology in the third quarter valued at $45,000. HRT Financial LP acquired a new position in Blue Hat Interactive Entertainment Technology during the 4th quarter worth about $38,000. Virtu Financial LLC bought a new stake in Blue Hat Interactive Entertainment Technology during the 3rd quarter worth about $65,000. Finally, Susquehanna International Group LLP acquired a new stake in Blue Hat Interactive Entertainment Technology in the 3rd quarter valued at about $133,000. Institutional investors and hedge funds own 1.94% of the company’s stock.

Blue Hat Interactive Entertainment Technology Company Profile

Blue Hat Interactive Entertainment Technology Inc is a China-based provider of cloud-based virtual reality (VR) and augmented reality (AR) solutions for the entertainment, theme park and location-based industries. The company’s core offerings include a software-as-a-service platform that powers interactive VR arcades, immersive theaters and digital theme parks. Through its integrated system, Blue Hat delivers both hardware and software, enabling venue operators to manage content distribution, user access and real-time analytics via a centralized cloud infrastructure.

Blue Hat’s product suite spans VR headsets, motion-sensor equipment and proprietary interactive game titles.