Blue Hat Interactive Entertainment Technology (NASDAQ:BHAT) Shares Scheduled to Reverse Split on Monday, March 9th

Blue Hat Interactive Entertainment Technology (NASDAQ:BHAT)’s stock is set to reverse split before the market opens on Monday, March 9th. The 1-50 reverse split was announced on Wednesday, March 4th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, March 6th.

Blue Hat Interactive Entertainment Technology Price Performance

Shares of BHAT traded up $0.01 during mid-day trading on Thursday, hitting $0.04. The company’s stock had a trading volume of 1,491,088,109 shares, compared to its average volume of 62,608,965. The stock’s 50-day moving average is $0.80 and its two-hundred day moving average is $1.30. The company has a quick ratio of 7.27, a current ratio of 23.03 and a debt-to-equity ratio of 0.01. Blue Hat Interactive Entertainment Technology has a one year low of $0.03 and a one year high of $6.00.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Blue Hat Interactive Entertainment Technology in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Hedge Funds Weigh In On Blue Hat Interactive Entertainment Technology

A number of hedge funds have recently made changes to their positions in BHAT. Susquehanna International Group LLP acquired a new stake in shares of Blue Hat Interactive Entertainment Technology during the 3rd quarter valued at about $133,000. Virtu Financial LLC bought a new position in Blue Hat Interactive Entertainment Technology during the third quarter worth about $65,000. HRT Financial LP acquired a new stake in Blue Hat Interactive Entertainment Technology during the fourth quarter valued at approximately $38,000. Finally, Citadel Advisors LLC bought a new stake in shares of Blue Hat Interactive Entertainment Technology in the 3rd quarter valued at approximately $45,000. Institutional investors and hedge funds own 1.94% of the company’s stock.

Blue Hat Interactive Entertainment Technology Company Profile

Blue Hat Interactive Entertainment Technology Inc is a China-based provider of cloud-based virtual reality (VR) and augmented reality (AR) solutions for the entertainment, theme park and location-based industries. The company’s core offerings include a software-as-a-service platform that powers interactive VR arcades, immersive theaters and digital theme parks. Through its integrated system, Blue Hat delivers both hardware and software, enabling venue operators to manage content distribution, user access and real-time analytics via a centralized cloud infrastructure.

Blue Hat’s product suite spans VR headsets, motion-sensor equipment and proprietary interactive game titles.