iSun (NASDAQ:ISUN) Shares Scheduled to Reverse Split on Friday, April 26th

iSun, Inc. (NASDAQ:ISUN) shares are scheduled to reverse split on the morning of Friday, April 26th. The 1-20 reverse split was announced on Friday, April 26th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, April 26th.

iSun Price Performance

ISUN stock traded down $0.05 during midday trading on Wednesday, reaching $0.09. The company had a trading volume of 9,588,639 shares, compared to its average volume of 616,955. The company has a market capitalization of $4.45 million, a price-to-earnings ratio of -0.12 and a beta of 1.10. The stock has a 50 day moving average price of $0.20 and a 200-day moving average price of $0.21. iSun has a 1-year low of $0.06 and a 1-year high of $0.75. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.89 and a quick ratio of 0.85.

Institutional Inflows and Outflows

An institutional investor recently raised its position in iSun stock. Commonwealth Equity Services LLC lifted its stake in shares of iSun, Inc. (NASDAQ:ISUN) by 442.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 551,600 shares of the company’s stock after buying an additional 450,000 shares during the quarter. Commonwealth Equity Services LLC owned about 1.67% of iSun worth $124,000 as of its most recent filing with the Securities & Exchange Commission. 11.80% of the stock is owned by institutional investors and hedge funds.

About iSun

iSun, Inc, a solar energy company, provides design, development, engineering, procurement, installation, storage, and electric vehicle infrastructure services for residential, commercial, industrial, and utility customers in the United States. It also provides electrical contracting services; and data and communication services.