3 E Network Technology Group (NASDAQ:MASK) Stock Scheduled to Reverse Split on Friday, October 30th

Shares of 3 E Network Technology Group Ltd (NASDAQ:MASK) are scheduled to reverse split before the market opens on Friday, October 30th. The 1-2 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, October 29th.

3 E Network Technology Group Trading Down 12.4%

Shares of MASK traded down $0.10 on Monday, reaching $0.73. The stock had a trading volume of 288,933 shares, compared to its average volume of 3,078,415. 3 E Network Technology Group has a 12-month low of $0.71 and a 12-month high of $16.63. The company has a 50-day simple moving average of $1.08 and a 200-day simple moving average of $1.71.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of 3 E Network Technology Group from a “sell (d-)” rating to a “sell (d)” rating in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, 3 E Network Technology Group has a consensus rating of “Sell”.

3 E Network Technology Group Company Profile

3 E Network Technology Group Ltd. operates as a holding company, which engages in the provision of business-to-business information technology business solutions. It offers business solutions to a variety of industries and sectors, including food establishments, real estate, exhibition and conferencing, and clean energy utilities. The company was founded on October 6, 2021 and is headquartered in Guangzhou, China.