Shares of FBS Global Limited (NASDAQ:FBGL – Free Report) are set to reverse split on the morning of Monday, September 28th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, September 27th.
FBS Global Stock Performance
NASDAQ FBGL traded down $0.03 during trading on Thursday, hitting $0.37. The stock had a trading volume of 2,523,699 shares, compared to its average volume of 4,803,754. The firm has a 50 day moving average price of $0.44 and a 200 day moving average price of $0.54. FBS Global has a twelve month low of $0.34 and a twelve month high of $1.40.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings raised shares of FBS Global from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, September 14th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, FBS Global presently has a consensus rating of “Sell”.
Institutional Trading of FBS Global
An institutional investor recently raised its position in FBS Global stock. Renaissance Technologies LLC lifted its stake in FBS Global Limited (NASDAQ:FBGL – Free Report) by 15.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 144,492 shares of the company’s stock after purchasing an additional 19,647 shares during the period. Renaissance Technologies LLC owned about 1.07% of FBS Global worth $86,000 at the end of the most recent quarter.
FBS Global Company Profile
FBS Global Limited is a Singapore-based food and beverage company focused on the distribution and supply of food products and ingredients. The company serves business customers in the foodservice sector, including restaurants, hotels, caterers and other commercial food operators.
Its activities include sourcing food products from suppliers and providing procurement and distribution services designed to support customers’ food and beverage operations. The company’s business is primarily oriented toward the business-to-business market rather than direct retail sales.
FBS Global operates through its Singapore-centered business and serves customers in the broader foodservice industry.
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