SU Group (NASDAQ:SUGP) Shares Scheduled to Reverse Split on Wednesday, October 7th

Shares of SU Group Holdings Limited (NASDAQ:SUGP) are set to reverse split before the market opens on Wednesday, October 7th. The 1-6 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, October 6th.

SU Group Trading Down 18.6%

Shares of SUGP opened at $0.41 on Friday. SU Group has a 52 week low of $0.37 and a 52 week high of $55.00. The stock has a 50 day moving average of $1.27 and a 200-day moving average of $9.76.

SU Group (NASDAQ:SUGP) last issued its quarterly earnings results on Tuesday, September 29th. The company reported ($0.93) earnings per share for the quarter. The firm had revenue of $5.51 million during the quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on SUGP shares. Wall Street Zen upgraded shares of SU Group from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings downgraded shares of SU Group from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, September 16th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, SU Group currently has a consensus rating of “Sell”.

About SU Group

SU Group Holdings Limited is a Hong Kong-based provider of security and facility management services. Through its operating subsidiaries, the company serves commercial, residential, public-sector and other institutional customers in Hong Kong.

Its security business includes manned guarding, patrol and access-control services, security monitoring, event security and related risk-management support. SU Group also provides technology-enabled security solutions, including the design, installation and maintenance of electronic security systems and equipment.

The company’s facility management activities complement its security operations and may include building support, maintenance coordination and other services intended to help customers manage and protect their properties.