Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN) Shares Scheduled to Reverse Split on Monday, April 13th

Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN)’s stock is scheduled to reverse split on the morning of Monday, April 13th. The 1-20 reverse split was announced on Wednesday, April 8th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, April 10th.

Skycorp Solar Group Limited Ordinary Shares Stock Down 37.3%

NASDAQ:PN traded down $0.11 during trading hours on Thursday, hitting $0.19. The company’s stock had a trading volume of 923,754 shares, compared to its average volume of 811,749. Skycorp Solar Group Limited Ordinary Shares has a twelve month low of $0.17 and a twelve month high of $4.37.

Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN) last released its quarterly earnings data on Thursday, February 12th. The company reported ($0.05) earnings per share for the quarter. The company had revenue of $19.57 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings assumed coverage on Skycorp Solar Group Limited Ordinary Shares in a research note on Tuesday. They issued a “sell (d)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

About Skycorp Solar Group Limited Ordinary Shares

Skycorp Solar Group Ltd is a solar PV product provider principally engaged in the manufacture and sale of solar cables and solar connectors. It also has partnerships with multiple IC chip manufacturers and offers customers new and used GPU and HPC servers. Its business is carried out through its operating subsidiaries. The company operates in two operating segments: the business to manufacture and sell solar PV products and solar power system solutions service, the business to sell High Performance Computing products, and others.