PMI Stock Set to Reverse Split on Monday, August 3rd (NYSEAMERICAN:PMI)

Shares of PMI (NYSEAMERICAN:PMI) are set to reverse split before the market opens on Monday, August 3rd. The 1-50 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, August 2nd.

PMI Price Performance

Shares of PMI traded down $0.03 during mid-day trading on Wednesday, hitting $0.09. The stock had a trading volume of 6,869,659 shares, compared to its average volume of 17,979,314. PMI has a fifty-two week low of $0.09 and a fifty-two week high of $13.68. The company has a current ratio of 0.75, a quick ratio of 0.16 and a debt-to-equity ratio of 0.01. The company’s fifty day moving average price is $0.18.

PMI (NYSEAMERICAN:PMI) last posted its quarterly earnings results on Friday, May 15th. The company reported ($0.10) earnings per share (EPS) for the quarter. The company had revenue of $1.15 million during the quarter. As a group, analysts forecast that PMI will post -0.17 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Zacks Research upgraded shares of PMI to a “hold” rating in a research report on Tuesday, May 19th. HC Wainwright reaffirmed a “neutral” rating on shares of PMI in a research report on Wednesday, June 3rd. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, PMI currently has a consensus rating of “Hold”.

PMI Company Profile

Picard Medical Inc is a medical technology company which manufactures and sells the only total artificial heart. Picard Medical Inc is based in TUCSON, Ariz.