Onfolio Stock Set to Reverse Split on Monday, August 10th (NASDAQ:ONFO)

Onfolio Holdings Inc. (NASDAQ:ONFO) shares are scheduled to reverse split on Monday, August 10th. The 1-50 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, August 9th.

Onfolio Price Performance

Onfolio stock traded down $0.01 during mid-day trading on Thursday, reaching $0.06. 227,904,270 shares of the company’s stock traded hands, compared to its average volume of 11,030,077. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.16. Onfolio has a 12-month low of $0.05 and a 12-month high of $2.48. The stock has a 50 day moving average of $0.28 and a two-hundred day moving average of $0.59. The company has a market cap of $422,400.00, a price-to-earnings ratio of -0.07 and a beta of 3.57.

Onfolio (NASDAQ:ONFO) last released its quarterly earnings results on Friday, May 15th. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.21). Onfolio had a negative return on equity of 80.51% and a negative net margin of 44.11%.The company had revenue of $1.87 million during the quarter, compared to analysts’ expectations of $1.68 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Onfolio from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 28th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

About Onfolio

Onfolio Holdings, Inc acquires and develops internet businesses. It provides website management, digital, advertising, and content placement services on its websites; and product sales on various sites. The company was founded in 2019 and is based in Wilmington, Delaware.