OFA Group Stock Scheduled to Reverse Split on Friday, July 31st (NASDAQ:OFAL)

Shares of OFA Group (NASDAQ:OFAL) are scheduled to reverse split on the morning of Friday, July 31st. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, July 30th.

OFA Group Trading Down 7.8%

NASDAQ OFAL traded down $0.01 during trading on Monday, reaching $0.10. The company’s stock had a trading volume of 1,174,828 shares, compared to its average volume of 1,018,699. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.49 and a quick ratio of 0.49. The firm has a fifty day moving average of $0.22 and a 200 day moving average of $0.42. OFA Group has a one year low of $0.08 and a one year high of $1.93.

OFA Group (NASDAQ:OFAL) last released its quarterly earnings results on Tuesday, July 14th. The company reported ($0.16) earnings per share for the quarter. The business had revenue of $0.06 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of OFA Group in a research report on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Investors Weigh In On OFA Group

An institutional investor recently bought a new stake in OFA Group stock. Virtu Financial LLC acquired a new stake in shares of OFA Group (NASDAQ:OFAL) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 37,733 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned about 0.27% of OFA Group at the end of the most recent quarter.

OFA Group Company Profile

Through our wholly owned operating subsidiary, Office for Fine Architecture Limited, we provide comprehensive architectural services, including design and fit out services for commercial and residential buildings. The design service includes both the consultation with our staff and the actual design work and the Company provides a specific conceptualized design with layout plans, detailed design drawings, advice relating to, among other things, budgetary consideration, optimal use of space, the materials, fittings, furniture, appliances and other items to be used with an aim to produce a preliminary design plan and quotation for clients’ considerations.