JBDI Holdings Limited (NASDAQ:JBDI – Free Report)’s stock is scheduled to reverse split before the market opens on Thursday, June 25th. The 1-2 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, June 24th.
JBDI Trading Down 6.4%
Shares of NASDAQ JBDI traded down $0.04 during midday trading on Wednesday, reaching $0.58. 31,692 shares of the company’s stock traded hands, compared to its average volume of 533,169. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.46 and a quick ratio of 4.19. The stock’s 50 day simple moving average is $0.57 and its 200-day simple moving average is $0.69. JBDI has a one year low of $0.39 and a one year high of $3.00.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of JBDI in a research note on Friday, May 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.
JBDI Company Profile
JBDI Holdings Limited engages in the trading of reconditioned and recycling containers in Singapore and the Southeast Asia region. The company offers reconditioning and recycling drums, including open top drums, metal drums, plastic drums, plastic carboys, and intermediate bulk containers, as well as new drums, and collects waste drums and related products. It serves solvent, chemical, petroleum, and edible product oil industries. The company was founded in 1983 and is based in Singapore. JBDI Holdings Limited operates as a subsidiary of E U Holdings Pte.
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