InfoSonics Corp (IFON) Shares Set to Reverse Split on Wednesday, October 11th
Shares of InfoSonics Corp (NASDAQ:IFON) are scheduled to reverse split on the morning of Wednesday, October 11th. The 1-5 reverse split was announced on Thursday, October 5th. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, October 10th.
InfoSonics Corp (NASDAQ:IFON) opened at 0.332 on Friday. InfoSonics Corp has a 52 week low of $0.29 and a 52 week high of $1.04. The firm’s 50-day moving average is $0.38 and its 200-day moving average is $0.45. The stock’s market capitalization is $5.61 million.
InfoSonics Corp (NASDAQ:IFON) last released its earnings results on Thursday, August 10th. The communications equipment provider reported ($0.06) earnings per share (EPS) for the quarter. The firm had revenue of $5.30 million during the quarter. InfoSonics Corp had a negative net margin of 9.66% and a negative return on equity of 27.85%. On average, equities research analysts predict that InfoSonics Corp will post $0.22 EPS for the current fiscal year.
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Separately, ValuEngine upgraded shares of InfoSonics Corp from a “sell” rating to a “hold” rating in a report on Monday, October 2nd.
About InfoSonics Corp
InfoSonics Corporation is a provider of wireless handsets (phones, cell phones, mobile phones, feature phones and smartphones), tablets and accessories to carriers and distributors in Latin America and the United States. The Company defines, sources and sells a line of products under the verykool brand.
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