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

Shares of Safe & Green Holdings Corp. (NASDAQ:SGBX) are going 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 closing bell on Wednesday, May 1st.

Safe & Green Stock Down 18.3 %

Shares of SGBX traded down $0.03 on Tuesday, reaching $0.12. The company’s stock had a trading volume of 2,406,834 shares, compared to its average volume of 2,406,540. The stock has a market capitalization of $2.09 million, a PE ratio of -0.11 and a beta of -2.60. The company has a current ratio of 0.45, a quick ratio of 0.43 and a debt-to-equity ratio of 0.39. Safe & Green has a twelve month low of $0.11 and a twelve month high of $2.18. The firm has a fifty day moving average of $0.22 and a 200-day moving average of $0.38.

About Safe & Green

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.