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

Shares of Masonglory Limited (NASDAQ:MSGY) are scheduled to reverse split before the market opens on Tuesday, August 11th. The 1-8 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, August 10th.

Masonglory Price Performance

NASDAQ MSGY traded down $0.01 during trading hours on Friday, reaching $0.27. 476,393 shares of the company’s stock were exchanged, compared to its average volume of 1,119,065. The company’s 50-day moving average is $0.45 and its two-hundred day moving average is $0.74. Masonglory has a one year low of $0.23 and a one year 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 for the quarter.

Analyst Ratings Changes

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

Institutional Trading of Masonglory

An institutional investor recently raised its position in Masonglory stock. Quadrature Capital Ltd increased its stake in Masonglory Limited (NASDAQ:MSGY) by 501.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 191,209 shares of the company’s stock after purchasing an additional 159,428 shares during the period. Quadrature Capital Ltd owned approximately 1.34% of Masonglory worth $507,000 as of its most recent filing with the SEC.

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.