OFA Group (NASDAQ:OFAL) Shares Scheduled to Reverse Split on Tuesday, November 10th

OFA Group (NASDAQ:OFAL) shares are scheduled to reverse split before the market opens on Tuesday, November 10th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, November 9th.

OFA Group Trading Down 18.6%

Shares of OFAL traded down $0.05 on Thursday, reaching $0.23. 469,017 shares of the company’s stock were exchanged, compared to its average volume of 3,685,444. The business has a 50 day moving average price of $0.50 and a two-hundred day moving average price of $2.87. OFA Group has a 12 month low of $0.23 and a 12 month high of $10.00. The stock has a market capitalization of $5.59 million, a P/E ratio of -0.33 and a beta of 1.58. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.05.

OFA Group (NASDAQ:OFAL) last announced its quarterly earnings data on Saturday, August 15th. The company reported ($0.72) earnings per share for the quarter. The company had revenue of $0.01 million for the quarter.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of OFA Group in a research note on Wednesday, July 29th. Wall Street Zen upgraded OFA Group to a “sell” rating in a research report on Saturday, September 12th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company has an average rating of “Sell”.

OFA Group Company Profile

Through our wholly owned operating subsidiary, Office for Fine Architecture Limited, we provide comprehensive architectural services, including design and fit out services for commercial and residential buildings. The design service includes both the consultation with our staff and the actual design work and the Company provides a specific conceptualized design with layout plans, detailed design drawings, advice relating to, among other things, budgetary consideration, optimal use of space, the materials, fittings, furniture, appliances and other items to be used with an aim to produce a preliminary design plan and quotation for clients’ considerations.