Golden Sun Health Technology Group (NASDAQ:GSUN) Shares Set to Reverse Split on Thursday, April 18th

Shares of Golden Sun Health Technology Group Limited (NASDAQ:GSUN) are going to reverse split before the market opens on Thursday, April 18th. The 1-10 reverse split was announced on Thursday, April 18th. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, April 18th.

Golden Sun Health Technology Group Price Performance

Shares of GSUN stock opened at $0.40 on Tuesday. The stock has a 50 day simple moving average of $0.66 and a two-hundred day simple moving average of $0.63. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 0.76. Golden Sun Health Technology Group has a fifty-two week low of $0.31 and a fifty-two week high of $1.97.

Institutional Investors Weigh In On Golden Sun Health Technology Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. GSA Capital Partners LLP purchased a new position in shares of Golden Sun Health Technology Group during the fourth quarter valued at approximately $38,000. Morgan Stanley boosted its position in shares of Golden Sun Health Technology Group by 29,373.3% during the fourth quarter. Morgan Stanley now owns 30,947 shares of the company’s stock valued at $34,000 after buying an additional 30,842 shares during the last quarter. Finally, Millennium Management LLC purchased a new position in shares of Golden Sun Health Technology Group during the fourth quarter valued at approximately $132,000. Institutional investors own 0.08% of the company’s stock.

About Golden Sun Health Technology Group

Golden Sun Health Technology Group Limited, through its subsidiaries, provides education and management services in the People's Republic of China. The company offers foreign language tutorial services; and TOEFL, IELTS, and school and college entrance examination training, as well as other education training management services.