Edible Garden (NASDAQ:EDBL) Shares Scheduled to Reverse Split on Friday, April 5th

Shares of Edible Garden AG Incorporated (NASDAQ:EDBL) are going to reverse split on the morning of Friday, April 5th. The 1-20 reverse split was announced on Friday, April 5th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, April 5th.

Edible Garden Stock Up 18.6 %

Edible Garden stock traded up $0.06 during trading hours on Wednesday, reaching $0.38. The stock had a trading volume of 4,576,686 shares, compared to its average volume of 195,868. The company has a market cap of $2.18 million, a price-to-earnings ratio of -0.10 and a beta of 2.37. The business’s 50 day moving average price is $0.40 and its 200-day moving average price is $0.51. Edible Garden has a 52 week low of $0.27 and a 52 week high of $4.48. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.61 and a quick ratio of 2.33.

Institutional Investors Weigh In On Edible Garden

An institutional investor recently bought a new position in Edible Garden stock. Warberg Asset Management LLC purchased a new position in shares of Edible Garden AG Incorporated (NASDAQ:EDBL) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 34,486 shares of the company’s stock, valued at approximately $26,000. Warberg Asset Management LLC owned about 1.22% of Edible Garden as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 12.99% of the company’s stock.

About Edible Garden

Edible Garden AG Incorporated, together with its subsidiaries, operate as a controlled environment agriculture farming company. It offers various packaged products, including cilantro, rosemary, mint, thyme, oregano, bay leaves, chives, poultry mix, sage, dill, buttercrunch living lettuce, basil, living butterhead lettuce, basil, parsley, arugula spring mix, baby arugula blend, baby romaine, and crisp ranch and Caesar salad kits.