Safe & Green Stock Set to Reverse Split on Thursday, May 2nd (NASDAQ:SGBX)

Shares of Safe & Green Holdings Corp. (NASDAQ:SGBX) are scheduled to reverse split on the morning of Thursday, May 2nd. The 1-20 reverse split was announced on Tuesday, April 30th. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, May 1st.

Safe & Green Stock Performance

SGBX traded down $0.03 during midday trading on Tuesday, reaching $0.12. The company had a trading volume of 2,406,834 shares, compared to its average volume of 2,406,540. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.43 and a current ratio of 0.45. The stock has a market cap of $2.09 million, a PE ratio of -0.11 and a beta of -2.60. Safe & Green has a 12-month low of $0.11 and a 12-month high of $2.18. The business has a 50-day moving average price of $0.21 and a two-hundred day moving average price of $0.37.

Safe & Green Company Profile

Safe & Green Holdings Corp. designs and modifies code-engineered cargo shipping containers and purpose-built modules for commercial, industrial, and residential building construction in the United States.The company redesigns, repurposes, and convert heavy-gauge steel cargo shipping containers into SGBlocks, which are green building blocks for construction.