Masonglory Shares Scheduled to Reverse Split on Tuesday, August 11th (NASDAQ:MSGY)

Masonglory Limited (NASDAQ:MSGY) shares are going to reverse split before the market opens on Tuesday, August 11th. The 1-8 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, August 10th.

Masonglory Stock Down 3.7%

Shares of NASDAQ MSGY traded down $0.01 during midday trading on Friday, reaching $0.27. 476,393 shares of the stock were exchanged, compared to its average volume of 902,901. The company has a 50 day simple moving average of $0.45 and a 200 day simple moving average of $0.74. Masonglory has a twelve month low of $0.23 and a twelve month high of $22.20.

Masonglory (NASDAQ:MSGY) last released its quarterly earnings data on Thursday, July 30th. The company reported ($0.28) EPS for the quarter. The company had revenue of $7.08 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Masonglory from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Masonglory has a consensus rating of “Sell”.

Hedge Funds Weigh In On Masonglory

A hedge fund recently raised its stake in Masonglory stock. Quadrature Capital Ltd increased its holdings in shares of Masonglory Limited (NASDAQ:MSGY) by 501.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 191,209 shares of the company’s stock after purchasing an additional 159,428 shares during the period. Quadrature Capital Ltd owned 1.34% of Masonglory worth $507,000 as of its most recent SEC filing.

About Masonglory

Masonglory Limited is a subcontractor providing wet trades and related ancillary services to private and public sectors. Masonglory Limited is based in Hong Kong.