VCI Global (NASDAQ:VCIG) Stock Scheduled to Reverse Split on Monday, November 2nd

VCI Global Limited (NASDAQ:VCIG) shares are scheduled to reverse split on the morning of Monday, November 2nd. The 1-18 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, November 1st.

VCI Global Stock Down 13.8%

VCIG stock traded down $0.03 during midday trading on Friday, reaching $0.17. The company had a trading volume of 20,756,518 shares, compared to its average volume of 1,367,211. The stock has a 50 day moving average price of $1.32 and a 200-day moving average price of $87.86. VCI Global has a 1-year low of $0.16 and a 1-year high of $1,962.00.

VCI Global (NASDAQ:VCIG) last posted its quarterly earnings data on Friday, October 16th. The company reported ($8.27) earnings per share for the quarter. The company had revenue of $1.28 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of VCI Global in a report on Friday, October 16th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

VCI Global Company Profile

VCI Global Limited is a Malaysia-based diversified consulting and technology company. Through its subsidiaries, the company provides advisory and professional services to businesses, governments and other organizations, with activities spanning capital markets, corporate finance, business consulting and technology solutions.

Its consulting business supports clients with services such as fundraising, initial public offerings, mergers and acquisitions, corporate restructuring and strategic planning.