Onfolio (NASDAQ:ONFO) Shares Scheduled to Reverse Split on Monday, August 10th

Onfolio Holdings Inc. (NASDAQ:ONFO)’s stock is set to reverse split before the market opens on Monday, August 10th. The 1-50 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, August 9th.

Onfolio Trading Down 17.4%

Shares of ONFO stock traded down $0.01 during trading hours on Thursday, reaching $0.06. The company’s stock had a trading volume of 227,904,270 shares, compared to its average volume of 11,030,077. The firm’s fifty day simple moving average is $0.28 and its 200 day simple moving average is $0.59. Onfolio has a one year low of $0.05 and a one year high of $2.48. The stock has a market capitalization of $422,400.00, a P/E ratio of -0.07 and a beta of 3.57. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.16.

Onfolio (NASDAQ:ONFO) last issued its quarterly earnings data on Friday, May 15th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.21). Onfolio had a negative net margin of 44.11% and a negative return on equity of 80.51%. The company had revenue of $1.87 million for the quarter, compared to analysts’ expectations of $1.68 million.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Onfolio from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, May 28th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

About Onfolio

Onfolio Holdings, Inc acquires and develops internet businesses. It provides website management, digital, advertising, and content placement services on its websites; and product sales on various sites. The company was founded in 2019 and is based in Wilmington, Delaware.