Founder Group Stock to Reverse Split on Tuesday, February 10th (NASDAQ:FGL)

Founder Group Limited (NASDAQ:FGL) shares are going to reverse split before the market opens on Tuesday, February 10th. The 1-100 reverse split was announced on Friday, February 6th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, February 9th.

Founder Group Stock Performance

Shares of Founder Group stock traded down $0.04 on Friday, reaching $0.10. 14,117,209 shares of the stock were exchanged, compared to its average volume of 4,366,031. The company has a current ratio of 1.08, a quick ratio of 1.06 and a debt-to-equity ratio of 1.07. The firm’s 50 day simple moving average is $0.21. Founder Group has a one year low of $0.07 and a one year high of $1.69.

Analyst Upgrades and Downgrades

FGL has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Founder Group in a report on Monday, December 29th. Wall Street Zen upgraded Founder Group to a “hold” rating in a research report on Saturday, November 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Founder Group has a consensus rating of “Sell”.

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.