PMI (NYSEAMERICAN:PMI) Stock to Reverse Split on Monday, August 3rd

PMI (NYSEAMERICAN:PMI) shares are set to reverse split before the market opens on Monday, August 3rd. The 1-50 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, August 2nd.

PMI Stock Performance

PMI stock traded down $0.03 during midday trading on Wednesday, hitting $0.09. 6,869,659 shares of the company were exchanged, compared to its average volume of 17,979,314. PMI has a fifty-two week low of $0.09 and a fifty-two week high of $13.68. The stock has a fifty day simple moving average of $0.18. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.16 and a current ratio of 0.75.

PMI (NYSEAMERICAN:PMI) last released its quarterly earnings results on Friday, May 15th. The company reported ($0.10) earnings per share for the quarter. The business had revenue of $1.15 million during the quarter. As a group, sell-side analysts expect that PMI will post -0.17 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on PMI shares. HC Wainwright reiterated a “neutral” rating on shares of PMI in a report on Wednesday, June 3rd. Zacks Research raised PMI to a “hold” rating in a research report on Tuesday, May 19th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

About PMI

Picard Medical Inc is a medical technology company which manufactures and sells the only total artificial heart. Picard Medical Inc is based in TUCSON, Ariz.