JBDI (NASDAQ:JBDI) Shares Scheduled to Reverse Split on Thursday, June 25th

Shares of JBDI Holdings Limited (NASDAQ:JBDI) are going to reverse split on Thursday, June 25th. The 1-2 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, June 24th.

JBDI Price Performance

Shares of JBDI traded down $0.04 during trading hours on Wednesday, hitting $0.58. 31,692 shares of the company were exchanged, compared to its average volume of 303,528. JBDI has a fifty-two week low of $0.39 and a fifty-two week high of $3.00. The company has a debt-to-equity ratio of 0.25, a quick ratio of 4.19 and a current ratio of 4.46. The firm’s fifty day moving average is $0.57 and its 200 day moving average is $0.69.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of JBDI in a research report on Friday, May 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

About JBDI

JBDI Holdings Limited engages in the trading of reconditioned and recycling containers in Singapore and the Southeast Asia region. The company offers reconditioning and recycling drums, including open top drums, metal drums, plastic drums, plastic carboys, and intermediate bulk containers, as well as new drums, and collects waste drums and related products. It serves solvent, chemical, petroleum, and edible product oil industries. The company was founded in 1983 and is based in Singapore. JBDI Holdings Limited operates as a subsidiary of E U Holdings Pte.