MGN (NASDAQ:MGN) Stock Scheduled to Reverse Split on Friday, August 21st

MGN (NASDAQ:MGN – Free Report)’s stock is set to reverse split on Friday, August 21st. The 1-40 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, August 20th.

MGN Stock Performance

NASDAQ:MGN opened at $0.10 on Monday. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.01. The business’s fifty day moving average is $0.12. MGN has a fifty-two week low of $0.06 and a fifty-two week high of $8.63.

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MGN (NASDAQ:MGN – Get Free Report) last posted its quarterly earnings data on Friday, May 15th. The company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $8.68 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of MGN from a “sell (e)” rating to a “sell (d-)” rating in a research report on Monday, June 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, MGN currently has an average rating of “Sell”.

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About MGN

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Megan Holdings is a company principally engaged in the development, construction and maintenance of aquaculture farms and related works. Megan Holdings is based in Malaysia.

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