Eshallgo Stock to Reverse Split on Monday, April 20th (NASDAQ:EHGO)

Eshallgo Inc. (NASDAQ:EHGO) shares are going to reverse split on Monday, April 20th. The 1-16 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, April 19th.

Eshallgo Price Performance

NASDAQ EHGO traded down $0.04 on Thursday, hitting $0.16. The stock had a trading volume of 3,343,634 shares, compared to its average volume of 330,550. Eshallgo has a 52-week low of $0.15 and a 52-week high of $1.34. The business’s fifty day moving average price is $0.20 and its 200 day moving average price is $0.30.

Eshallgo (NASDAQ:EHGO) last released its earnings results on Friday, March 13th. The company reported ($0.13) EPS for the quarter. The company had revenue of $3.90 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Eshallgo in a research note on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Hedge Funds Weigh In On Eshallgo

A hedge fund recently bought a new stake in Eshallgo stock. Yorkville Advisors Global LP bought a new stake in Eshallgo Inc. (NASDAQ:EHGO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 272,500 shares of the company’s stock, valued at approximately $59,000. Eshallgo accounts for approximately 0.0% of Yorkville Advisors Global LP’s investment portfolio, making the stock its 25th largest holding. Yorkville Advisors Global LP owned approximately 0.84% of Eshallgo at the end of the most recent reporting period.

About Eshallgo

Eshallgo Inc, through its subsidiaries, engages in the sale and leasing of office equipment and after-sale maintenance and repair services in the People’s Republic of China. The company also sells office furniture, IT products, water dispensers, printing papers, and other products, as well as provides maintenance services with enterprise resource planning systems. It serves private and public sector businesses, as well as large enterprises and institutions. The company was founded in 2015 and is based in Shanghai, China.