OFA Group (NASDAQ:OFAL) Shares to Reverse Split on Friday, July 31st

OFA Group (NASDAQ:OFAL)’s stock is scheduled to reverse split on the morning of Friday, July 31st. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, July 30th.

OFA Group Stock Performance

OFA Group stock traded down $0.01 during mid-day trading on Monday, hitting $0.10. The company’s stock had a trading volume of 1,174,828 shares, compared to its average volume of 1,018,699. OFA Group has a 52-week low of $0.08 and a 52-week high of $1.93. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.04. The firm’s 50 day moving average is $0.21 and its 200 day moving average is $0.41.

OFA Group (NASDAQ:OFAL) last released its earnings results on Tuesday, July 14th. The company reported ($0.16) earnings per share for the quarter. The business had revenue of $0.06 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of OFA Group in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in OFA Group stock. Virtu Financial LLC purchased a new stake in shares of OFA Group (NASDAQ:OFAL) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 37,733 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned about 0.27% of OFA Group at the end of the most recent reporting period.

About OFA Group

Through our wholly owned operating subsidiary, Office for Fine Architecture Limited, we provide comprehensive architectural services, including design and fit out services for commercial and residential buildings. The design service includes both the consultation with our staff and the actual design work and the Company provides a specific conceptualized design with layout plans, detailed design drawings, advice relating to, among other things, budgetary consideration, optimal use of space, the materials, fittings, furniture, appliances and other items to be used with an aim to produce a preliminary design plan and quotation for clients’ considerations.