Shares of MGN (NASDAQ:MGN – Free Report) are scheduled to reverse split on Tuesday, September 8th. The 1-40 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, September 7th.
MGN Stock Performance
Shares of MGN stock traded up $0.00 on Thursday, reaching $0.11. 803,541 shares of the stock were exchanged, compared to its average volume of 17,296,383. The company’s 50 day moving average price is $4.29. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.01. MGN has a twelve month low of $0.06 and a twelve month high of $8.63.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings raised MGN from a “sell (e)” rating to a “sell (d-)” rating in a research report on Monday, June 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.
About MGN
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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