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

Edible Garden AG Incorporated (NASDAQ:EDBL)’s stock is scheduled to reverse split on 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 market closes on Friday, April 5th.

Edible Garden Stock Up 18.6 %

Shares of EDBL stock traded up $0.06 on Wednesday, hitting $0.38. The company’s stock had a trading volume of 4,576,686 shares, compared to its average volume of 195,868. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.61 and a quick ratio of 2.33. Edible Garden has a fifty-two week low of $0.27 and a fifty-two week high of $4.48. The firm’s fifty day moving average price is $0.41 and its 200-day moving average price is $0.51. The stock has a market capitalization of $2.18 million, a price-to-earnings ratio of -0.10 and a beta of 2.37.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Edible Garden stock. Sabby Management LLC bought a new stake in Edible Garden AG Incorporated (NASDAQ:EDBL) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 42,500 shares of the company’s stock, valued at approximately $98,000. Sabby Management LLC owned 1.74% of Edible Garden as of its most recent SEC filing. 12.99% of the stock is currently owned by hedge funds and other institutional investors.

Edible Garden Company Profile

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.