CDT Equity (NASDAQ:CDT) Shares Set to Reverse Split on Friday, November 6th

CDT Equity Inc. (NASDAQ:CDT) shares are set to reverse split before the market opens on Friday, November 6th. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, November 5th.

CDT Equity Price Performance

NASDAQ:CDT opened at $0.05 on Thursday. CDT Equity has a 12 month low of $0.05 and a 12 month high of $17,750.00. The company’s 50 day moving average is $7.45 and its 200-day moving average is $1,497.38.

CDT Equity (NASDAQ:CDT) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($217.75) EPS for the quarter.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CDT. Wall Street Zen upgraded shares of CDT Equity from a “sell” rating to a “hold” rating in a report on Saturday, August 29th. Weiss Ratings reissued a “sell (e+)” rating on shares of CDT Equity in a research report on Monday, September 21st. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently has an average rating of “Sell”.

CDT Equity Company Profile

CDT Equity, Inc is a special purpose acquisition company (SPAC) formed to identify and complete a merger, share exchange, asset acquisition, or similar business combination with one or more operating businesses.

As a SPAC, CDT Equity does not have significant commercial operations, products, or services of its own. Its principal activities generally consist of raising capital through a public offering, evaluating potential acquisition targets, and seeking shareholder approval for a proposed transaction.

The company’s future business activities, geographic focus, and leadership structure will depend on any business combination it completes.