Volcon (NASDAQ:VLCN) Shares Scheduled to Reverse Split on Friday, June 7th

Volcon, Inc. (NASDAQ:VLCN)’s stock is set to reverse split on the morning of Friday, June 7th. The 1-100 reverse split was announced on Friday, June 7th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, June 7th.

Volcon Stock Down 20.0 %

NASDAQ:VLCN traded down $0.03 during mid-day trading on Wednesday, hitting $0.13. The company had a trading volume of 10,859,250 shares, compared to its average volume of 3,726,265. The business has a fifty day simple moving average of $0.30 and a 200-day simple moving average of $2.45. The company has a current ratio of 1.17, a quick ratio of 0.47 and a debt-to-equity ratio of 0.01. Volcon has a 1 year low of $0.12 and a 1 year high of $173.25.

Volcon (NASDAQ:VLCN) last announced its earnings results on Tuesday, May 7th. The company reported ($0.57) earnings per share for the quarter. The firm had revenue of $1.03 million during the quarter.

Institutional Trading of Volcon

A hedge fund recently bought a new stake in Volcon stock. Virtu Financial LLC purchased a new position in Volcon, Inc. (NASDAQ:VLCN) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 46,647 shares of the company’s stock, valued at approximately $32,000. Virtu Financial LLC owned approximately 0.19% of Volcon as of its most recent filing with the Securities & Exchange Commission.

About Volcon

Volcon, Inc develops, manufactures, and sells electric off road powersport vehicles in the United States. It provides electric two and four-wheel motorcycles, and utility terrain vehicles through its dealers. The company also offers a line of upgrades and accessories. Its products are designed for family off-road adventures, and work on the farm and fun transport around private land applications.