Safe & Green Shares Scheduled to Reverse Split on Thursday, May 2nd (NASDAQ:SGBX)

Safe & Green Holdings Corp. (NASDAQ:SGBX) shares are set to reverse split on the morning of Thursday, May 2nd. The 1-20 reverse split was announced on Tuesday, April 30th. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, May 1st.

Safe & Green Stock Performance

SGBX traded down $0.03 during midday trading on Tuesday, hitting $0.12. 2,406,834 shares of the company were exchanged, compared to its average volume of 2,406,540. The company’s 50 day simple moving average is $0.21 and its 200 day simple moving average is $0.37. The firm has a market capitalization of $2.09 million, a price-to-earnings ratio of -0.11 and a beta of -2.60. Safe & Green has a 1-year low of $0.11 and a 1-year high of $2.18. The company has a current ratio of 0.45, a quick ratio of 0.43 and a debt-to-equity ratio of 0.39.

Safe & Green Company Profile

Safe & Green Holdings Corp. designs and modifies code-engineered cargo shipping containers and purpose-built modules for commercial, industrial, and residential building construction in the United States.The company redesigns, repurposes, and convert heavy-gauge steel cargo shipping containers into SGBlocks, which are green building blocks for construction.