Shares of Uni-Fuels Holdings Limited (NASDAQ:UFG – Free Report) are going to reverse split on the morning of Tuesday, November 3rd. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, November 2nd.
Uni-Fuels Stock Down 11.3%
UFG traded down $0.04 during midday trading on Friday, hitting $0.28. 169,515 shares of the company were exchanged, compared to its average volume of 179,957. The firm’s 50 day moving average price is $0.47 and its 200-day moving average price is $0.77. Uni-Fuels has a 1-year low of $0.28 and a 1-year high of $1.56.
Uni-Fuels (NASDAQ:UFG – Get Free Report) last released its quarterly earnings results on Wednesday, September 9th. The company reported $0.02 EPS for the quarter. The company had revenue of $98.55 million during the quarter. On average, analysts anticipate that Uni-Fuels will post 0.01 EPS for the current year.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Uni-Fuels in a research report on Tuesday. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.
Get Our Latest Research Report on UFG
Uni-Fuels Company Profile
Uni-Fuels Holdings Limited is a Singapore-based marine fuel solutions provider focused on supplying and trading bunker fuel for commercial vessels. The company helps shipowners and operators procure the fuels needed to power their fleets and coordinates related delivery and logistical services.
Uni-Fuels serves customers in the international shipping industry, supporting vessels operating across major global maritime markets. Its activities include marine fuel sourcing, supplier coordination, and the arrangement of fuel deliveries at ports and other locations.
The company’s business is centered on facilitating marine fuel transactions between fuel suppliers and vessel operators, with an emphasis on serving small and midsized participants in the shipping sector.
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