Meiwu Technology (NASDAQ:WNW) Shares Set to Reverse Split on Monday, April 6th

Meiwu Technology Company Limited (NASDAQ:WNW)’s stock is going to reverse split before the market opens on Monday, April 6th. The 1-100 reverse split was announced on Wednesday, April 1st. The number of shares owned by shareholders will be adjusted after the market closes on Friday, April 3rd.

Meiwu Technology Trading Down 27.7%

Meiwu Technology stock opened at $0.06 on Thursday. The firm has a 50 day simple moving average of $1.23 and a 200-day simple moving average of $1.51. Meiwu Technology has a 12-month low of $0.05 and a 12-month high of $13.52.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Meiwu Technology in a research report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Meiwu Technology Company Profile

Wunong Net Technology Company Limited, a holding company, engages in the online retail of foods products in China. The company offers green food, organic food, intangible cultural heritage food, agricultural products, and pollution-free products. It also operates a restaurant under the Wunong Food Hall name; and engages in the wholesale of agricultural products. The company was formerly known as Advancement International Limited and changed its name to Wunong Net Technology Company Limited in August 2019.