VS MEDIA Stock Set to Reverse Split on Friday, January 9th (NASDAQ:VSME)

Shares of VS MEDIA Holdings Limited (NASDAQ:VSME) are set to reverse split on Friday, January 9th. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, January 8th.

VS MEDIA Trading Down 6.0%

NASDAQ VSME opened at $0.09 on Monday. The business’s fifty day moving average is $0.26 and its 200 day moving average is $1.16. VS MEDIA has a fifty-two week low of $0.07 and a fifty-two week high of $3.21.

VS MEDIA (NASDAQ:VSME) last released its quarterly earnings results on Friday, October 31st. The company reported ($0.10) earnings per share (EPS) for the quarter. The business had revenue of $1.63 million during the quarter.

Analyst Upgrades and Downgrades

VSME has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of VS MEDIA in a report on Monday, December 29th. Wall Street Zen raised VS MEDIA to a “hold” rating in a research note on Friday, September 26th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, VS MEDIA presently has a consensus rating of “Sell”.

VS MEDIA Company Profile

VS MEDIA Holdings Limited, an investment holding company, operates a network of digital creators who create and upload content to social media platforms, such as Facebook, YouTube, Instagram, and TikTok. The company was founded in 2013 and is based in Kwun Tong, Hong Kong.