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

JBDI Holdings Limited (NASDAQ:JBDIFree Report) shares are scheduled to reverse split on Thursday, June 25th. The 1-2 reverse split was announced on Tuesday, June 16th. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, June 24th.

JBDI Price Performance

JBDI stock opened at $0.60 on Thursday. The firm has a fifty day simple moving average of $0.57 and a two-hundred day simple moving average of $0.69. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.46 and a quick ratio of 4.19. JBDI has a twelve month low of $0.39 and a twelve month high of $3.00.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of JBDI in a report on Friday, May 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, JBDI has a consensus rating of “Sell”.

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JBDI Company Profile

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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.

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