MGN (NASDAQ:MGN – Free Report)’s stock is scheduled to reverse split on the morning of Tuesday, September 8th. The 1-40 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, September 7th.
MGN Stock Up 1.8%
Shares of NASDAQ:MGN traded up $0.00 on Thursday, reaching $0.11. 803,541 shares of the company traded hands, compared to its average volume of 64,776,960. The business has a 50-day simple moving average of $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 52 week low of $0.06 and a 52 week high of $8.63.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded 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, the company presently 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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