Agape ATP Stock Set to Reverse Split on Tuesday, February 10th (NASDAQ:ATPC)

Shares of Agape ATP Corporation (NASDAQ:ATPC) are scheduled to reverse split on the morning of Tuesday, February 10th. The 1-50 reverse split was announced on Friday, February 6th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, February 9th.

Agape ATP Trading Down 22.2%

ATPC traded down $0.01 during mid-day trading on Friday, hitting $0.05. 14,475,706 shares of the stock were exchanged, compared to its average volume of 31,120,627. The firm’s fifty day moving average is $0.29 and its two-hundred day moving average is $0.94. Agape ATP has a 1-year low of $0.05 and a 1-year high of $2.57. The company has a market cap of $2.45 million, a PE ratio of -0.17 and a beta of -0.35.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Agape ATP in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Agape ATP

A hedge fund recently raised its stake in Agape ATP stock. Citadel Advisors LLC boosted its stake in Agape ATP Corporation (NASDAQ:ATPC) by 95.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 65,130 shares of the company’s stock after acquiring an additional 31,849 shares during the quarter. Citadel Advisors LLC owned about 0.13% of Agape ATP worth $82,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.01% of the company’s stock.

About Agape ATP

Agape ATP Corporation, an investment holding company, supplies health and wellness products and health solution advisory services in Malaysia. It offers four series of programs that consist of various services and products under the ATP Zeta Health Program, ÉNERGÉTIQUE, BEAUNIQUE, and E.A.T.S. names. The company's products include ATP1s Survivor Select that contains various essential nutrients required by the human body to maintain normal metabolism; ATP3 Ionized Cal-Mag, a calcium and magnesium minerals supplement; ATP4 Omega Blend, an oil blend that provides a bio-effective balance of essential fatty acids, omega 3, and omega 6; ATP5 BetaMaxx, a natural immune enhancer; AGN-Vege Fruit Fiber, a nutrition-based formulation for intestines and stomach; AGP1-Iron to improve iron deficiency anemia; and YFA-Young Formula, an anti-aging and youthful maintenance supplement.