PMI (NYSEAMERICAN:PMI) Shares Scheduled to Reverse Split on Monday, August 3rd

PMI (NYSEAMERICAN:PMI)’s stock is going to reverse split on Monday, August 3rd. The 1-50 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, August 2nd.

PMI Price Performance

Shares of PMI stock traded down $0.03 during mid-day trading on Wednesday, hitting $0.09. 6,869,659 shares of the company’s stock were exchanged, compared to its average volume of 32,382,736. PMI has a fifty-two week low of $0.09 and a fifty-two week high of $13.68. The company has a 50-day simple moving average of $0.18. The company has a quick ratio of 0.16, a current ratio of 0.75 and a debt-to-equity ratio of 0.01.

PMI (NYSEAMERICAN:PMI) last announced its quarterly earnings data on Friday, May 15th. The company reported ($0.10) EPS for the quarter. The firm had revenue of $1.15 million during the quarter. Equities research analysts expect that PMI will post -0.17 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on PMI. Zacks Research raised shares of PMI to a “hold” rating in a research report on Tuesday, May 19th. HC Wainwright reaffirmed a “neutral” rating on shares of PMI in a research report on Wednesday, June 3rd. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

PMI Company Profile

Picard Medical Inc is a medical technology company which manufactures and sells the only total artificial heart. Picard Medical Inc is based in TUCSON, Ariz.