Smart for Life Stock Scheduled to Reverse Split on Monday, April 22nd (NASDAQ:SMFL)

Posted by Tyrone Williams on Apr 20th, 2024

Smart for Life, Inc. (NASDAQ:SMFL – Free Report) shares are set to reverse split on Monday, April 22nd. The 1-7 reverse split was announced on Monday, April 22nd. The number of shares owned by shareholders will be adjusted after the market closes on Monday, April 22nd.

Smart for Life Stock Performance

Shares of SMFL opened at $0.48 on Friday. The company has a current ratio of 0.18, a quick ratio of 0.04 and a debt-to-equity ratio of 8.93. The stock has a market capitalization of $384,800.00, a P/E ratio of 0.00 and a beta of 0.86. The firm’s fifty day simple moving average is $0.76 and its two-hundred day simple moving average is $1.36. Smart for Life has a 12 month low of $0.33 and a 12 month high of $68.31.

Institutional Trading of Smart for Life

An institutional investor recently bought a new position in Smart for Life stock. UBS Group AG acquired a new stake in shares of Smart for Life, Inc. (NASDAQ:SMFL – Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,629 shares of the company’s stock, valued at approximately $29,000. UBS Group AG owned 0.12% of Smart for Life at the end of the most recent quarter. 28.39% of the stock is owned by hedge funds and other institutional investors.

Smart for Life Company Profile

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Smart for Life, Inc acquires, develops, manufactures, operates, markets, and sells nutraceutical and related products in the United States and internationally. It offers natural health and wellness meal replacement products, including nutrition bars, cookies, soups and shakes, vitamins, and supplements under the Smart for Life brand; dietary supplements; and nutritional products, including whey protein isolate powder, tablet supplements for joint health, nitric oxide, post workout blends, Omega-3 supplements, and pre-workout supplements under the Sports Illustrated Nutrition brand for athletes and active lifestyle consumers.