Shares of Founder Group Limited (NASDAQ:FGL – Free Report) are going to reverse split before the market opens on Tuesday, September 1st. The 1-100 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, August 31st.
Founder Group Stock Down 13.8%
Shares of Founder Group stock traded down $0.02 during midday trading on Friday, reaching $0.15. 25,921,862 shares of the company’s stock traded hands, compared to its average volume of 7,959,304. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.15 and a quick ratio of 1.14. The stock has a 50 day moving average of $0.96 and a 200-day moving average of $3.22. Founder Group has a 12 month low of $0.12 and a 12 month high of $140.00.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Founder Group in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Founder Group currently has a consensus rating of “Sell”.
Insider Buying and Selling
In other Founder Group news, major shareholder Financial Lp Hrt sold 146,713 shares of Founder Group stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $0.33, for a total transaction of $48,415.29. Following the sale, the insider directly owned 41,361 shares of the company’s stock, valued at approximately $13,649.13. The trade was a 78.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have bought 185,191 shares of company stock valued at $42,373 in the last ninety days. Company insiders own 0.60% of the company’s stock.
About Founder Group
Founder Group is a diversified investment holding company originally established in 1986 by Peking University. The group traces its roots to one of China’s leading academic institutions and has since evolved into a state-owned enterprise focused on fostering innovation and technology commercialization. Leveraging its academic heritage, Founder Group has built a network of subsidiaries and affiliates across a range of high-growth industries.
The company’s main business activities span information technology and digital printing, including integrated circuit design, software development and advanced printing solutions.
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