Founder Group (NASDAQ:FGL) Shares Set to Reverse Split on Tuesday, September 1st

Shares of Founder Group Limited (NASDAQ:FGLFree Report) are going to reverse split before the market opens on Tuesday, September 1st. The 1-100 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, August 31st.

Founder Group Stock Down 13.8%

Shares of Founder Group stock traded down $0.02 during midday trading on Friday, reaching $0.15. 25,921,862 shares of the company’s stock traded hands, compared to its average volume of 7,959,304. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.15 and a quick ratio of 1.14. The stock has a 50 day moving average of $0.96 and a 200-day moving average of $3.22. Founder Group has a 12 month low of $0.12 and a 12 month high of $140.00.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Founder Group in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Founder Group currently has a consensus rating of “Sell”.

Read Our Latest Report on Founder Group

Insider Buying and Selling

In other Founder Group news, major shareholder Financial Lp Hrt sold 146,713 shares of Founder Group stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $0.33, for a total transaction of $48,415.29. Following the sale, the insider directly owned 41,361 shares of the company’s stock, valued at approximately $13,649.13. The trade was a 78.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have bought 185,191 shares of company stock valued at $42,373 in the last ninety days. Company insiders own 0.60% of the company’s stock.

About Founder Group

(Get Free Report)

Founder Group is a diversified investment holding company originally established in 1986 by Peking University. The group traces its roots to one of China’s leading academic institutions and has since evolved into a state-owned enterprise focused on fostering innovation and technology commercialization. Leveraging its academic heritage, Founder Group has built a network of subsidiaries and affiliates across a range of high-growth industries.

The company’s main business activities span information technology and digital printing, including integrated circuit design, software development and advanced printing solutions.

Further Reading

Receive News & Ratings for Founder Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Founder Group and related companies with MarketBeat.com's FREE daily email newsletter.