Society Pass (NASDAQ:SOPA) Shares to Reverse Split on Wednesday, May 1st

Society Pass Incorporated (NASDAQ:SOPA) shares are going to reverse split before the market opens on Wednesday, May 1st. The 1-15 reverse split was announced on Wednesday, May 1st. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, May 1st.

Society Pass Stock Down 14.6 %

NASDAQ SOPA traded down $0.02 during trading on Monday, hitting $0.12. 3,036,389 shares of the stock traded hands, compared to its average volume of 492,505. The company has a market capitalization of $4.61 million, a P/E ratio of -0.19 and a beta of 1.19. The firm has a 50-day simple moving average of $0.16 and a 200-day simple moving average of $0.23. Society Pass has a 12-month low of $0.10 and a 12-month high of $1.16.

Society Pass (NASDAQ:SOPA) last released its quarterly earnings results on Monday, April 15th. The company reported ($0.18) earnings per share for the quarter. The firm had revenue of $1.67 million for the quarter. Society Pass had a negative net margin of 221.90% and a negative return on equity of 167.70%. As a group, research analysts predict that Society Pass will post -0.27 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Maxim Group reiterated a “hold” rating on shares of Society Pass in a report on Wednesday, April 17th.

Society Pass Company Profile

Society Pass Incorporated acquires and operates fintech and e-commerce platforms and mobile applications for consumers and merchants in Singapore, Vietnam, Indonesia, Philippines, the United States, Malaysia, Hong Kong, and Thailand. It operates through Online Grocery and Food and Groceries Deliveries, Digital marketing, Online ticketing and reservation, Telecommunications Reseller, e-Commerce, and Merchant Point of Sale segments.