InfoSonics Corp Stock Set to Reverse Split on Wednesday, October 11th (IFON)
InfoSonics Corp (NASDAQ:IFON)’s stock is set to reverse split on the morning of Wednesday, October 11th. The 1-5 reverse split was announced on Thursday, October 5th. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, October 10th.
InfoSonics Corp (NASDAQ:IFON) opened at 0.332 on Friday. InfoSonics Corp has a 12 month low of $0.29 and a 12 month high of $1.04. The stock’s 50 day moving average price is $0.38 and its 200 day moving average price is $0.45. The company’s market capitalization is $5.61 million.
InfoSonics Corp (NASDAQ:IFON) last announced its quarterly earnings data on Thursday, August 10th. The communications equipment provider reported ($0.06) EPS for the quarter. InfoSonics Corp had a negative net margin of 9.66% and a negative return on equity of 27.85%. The business had revenue of $5.30 million during the quarter. Equities research analysts anticipate that InfoSonics Corp will post $0.22 earnings per share for the current fiscal year.
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Separately, ValuEngine raised InfoSonics Corp from a “sell” rating to a “hold” rating in a report on Monday, October 2nd.
InfoSonics Corp Company Profile
InfoSonics Corporation is a provider of wireless handsets (phones, cell phones, mobile phones, feature phones and smartphones), tablets and accessories to carriers and distributors in Latin America and the United States. The Company defines, sources and sells a line of products under the verykool brand.
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