Shares of Top Wealth Group Holding Limited (NASDAQ:TWG – Free Report) are going to reverse split on Monday, October 26th. The 1-100 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, October 25th.
Top Wealth Group Trading Down 30.1%
NASDAQ:TWG traded down $0.02 during midday trading on Thursday, reaching $0.05. The company had a trading volume of 11,789,664 shares, compared to its average volume of 24,068,396. The stock’s fifty day simple moving average is $0.35 and its 200-day simple moving average is $1.87. Top Wealth Group has a 12-month low of $0.04 and a 12-month high of $26.36.
Top Wealth Group (NASDAQ:TWG – Get Free Report) last released its earnings results on Wednesday, August 19th. The company reported $0.06 EPS for the quarter. The company had revenue of $3.07 million for the quarter.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Top Wealth Group in a research note on Friday, August 21st. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Top Wealth Group has an average rating of “Sell”.
View Our Latest Analysis on TWG
About Top Wealth Group
Top Wealth Group Holding Limited is a Hong Kong-based company focused on the distribution of premium cigars and related tobacco products. Through its operating subsidiaries, the company serves customers in Hong Kong and works with suppliers and business partners in the premium cigar market.
Its product offering includes well-known Cuban cigar brands such as Cohiba, Montecristo, Partagás, Romeo y Julieta, H. Upmann and Trinidad. The company distributes cigars through business-to-business channels, including retailers and other commercial customers, catering primarily to the premium and luxury tobacco segment.
Top Wealth Group Holding Limited is incorporated in the Cayman Islands and operates principally through its Hong Kong business.
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