iSun (NASDAQ:ISUN) Stock Set to Reverse Split on Friday, April 26th

iSun, Inc. (NASDAQ:ISUN) shares are set to reverse split on Friday, April 26th. The 1-20 reverse split was announced on Friday, April 26th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, April 26th.

iSun Trading Down 36.9 %

ISUN traded down $0.05 during trading on Wednesday, reaching $0.09. The company had a trading volume of 9,588,639 shares, compared to its average volume of 616,955. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 0.61. The business has a 50 day simple moving average of $0.20 and a 200-day simple moving average of $0.21. The stock has a market cap of $4.45 million, a P/E ratio of -0.12 and a beta of 1.10. iSun has a 52 week low of $0.06 and a 52 week high of $0.75.

Hedge Funds Weigh In On iSun

An institutional investor recently raised its position in iSun stock. Commonwealth Equity Services LLC increased its position in iSun, Inc. (NASDAQ:ISUN) by 442.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 551,600 shares of the company’s stock after purchasing an additional 450,000 shares during the quarter. Commonwealth Equity Services LLC owned approximately 1.67% of iSun worth $124,000 as of its most recent SEC filing. 11.80% of the stock is currently owned by hedge funds and other institutional investors.

About iSun

iSun, Inc, a solar energy company, provides design, development, engineering, procurement, installation, storage, and electric vehicle infrastructure services for residential, commercial, industrial, and utility customers in the United States. It also provides electrical contracting services; and data and communication services.