Masonglory Shares to Reverse Split on Tuesday, August 11th (NASDAQ:MSGY)

Masonglory Limited (NASDAQ:MSGY)’s stock is scheduled to reverse split on the morning of Tuesday, August 11th. The 1-8 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, August 10th.

Masonglory Stock Performance

Shares of NASDAQ MSGY traded down $0.01 during trading on Friday, reaching $0.27. 476,393 shares of the company traded hands, compared to its average volume of 1,119,065. The firm’s fifty day simple moving average is $0.45 and its 200 day simple moving average is $0.74. Masonglory has a 12-month low of $0.23 and a 12-month high of $22.20.

Masonglory (NASDAQ:MSGY) last issued its quarterly earnings data on Thursday, July 30th. The company reported ($0.28) earnings per share (EPS) for the quarter. The firm had revenue of $7.08 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded Masonglory from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Institutional Trading of Masonglory

A hedge fund recently raised its stake in Masonglory stock. Quadrature Capital Ltd lifted its holdings in shares of Masonglory Limited (NASDAQ:MSGY) by 501.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 191,209 shares of the company’s stock after buying an additional 159,428 shares during the quarter. Quadrature Capital Ltd owned approximately 1.34% of Masonglory worth $507,000 as of its most recent SEC filing.

About Masonglory

Masonglory Limited is a subcontractor providing wet trades and related ancillary services to private and public sectors. Masonglory Limited is based in Hong Kong.