Onfolio (NASDAQ:ONFO) Shares to Reverse Split on Monday, August 10th

Onfolio Holdings Inc. (NASDAQ:ONFO)’s stock is scheduled to reverse split before the market opens on Monday, August 10th. The 1-50 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, August 9th.

Onfolio Trading Down 17.4%

Shares of ONFO stock traded down $0.01 during trading hours on Thursday, hitting $0.06. The company had a trading volume of 227,904,270 shares, compared to its average volume of 47,490,772. Onfolio has a 12 month low of $0.05 and a 12 month high of $2.48. The firm’s fifty day moving average is $0.28 and its 200 day moving average is $0.59. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.16.

Onfolio (NASDAQ:ONFO) last issued its earnings results on Friday, May 15th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.21). The company had revenue of $1.87 million during the quarter, compared to analyst estimates of $1.68 million. Onfolio had a negative return on equity of 80.51% and a negative net margin of 44.11%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Onfolio from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, May 28th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Onfolio Company Profile

Onfolio Holdings, Inc acquires and develops internet businesses. It provides website management, digital, advertising, and content placement services on its websites; and product sales on various sites. The company was founded in 2019 and is based in Wilmington, Delaware.