Masonglory Shares to Reverse Split on Tuesday, August 11th (NASDAQ:MSGY)

Shares of Masonglory Limited (NASDAQ:MSGY) are going to reverse split on Tuesday, August 11th. The 1-8 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, August 10th.

Masonglory Trading Down 3.7%

Shares of Masonglory stock traded down $0.01 during trading on Friday, hitting $0.27. 476,393 shares of the company’s stock were exchanged, compared to its average volume of 902,901. The business has a 50-day simple moving average of $0.45 and a 200-day simple moving average of $0.74. Masonglory has a 52-week low of $0.23 and a 52-week high of $22.20.

Masonglory (NASDAQ:MSGY) last posted its quarterly earnings results on Thursday, July 30th. The company reported ($0.28) EPS for the quarter. The business had revenue of $7.08 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of Masonglory from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Masonglory stock. Quadrature Capital Ltd increased its stake in shares of Masonglory Limited (NASDAQ:MSGY) by 501.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 191,209 shares of the company’s stock after buying an additional 159,428 shares during the quarter. Quadrature Capital Ltd owned about 1.34% of Masonglory worth $507,000 at the end of the most recent reporting period.

About Masonglory

Masonglory Limited is a subcontractor providing wet trades and related ancillary services to private and public sectors. Masonglory Limited is based in Hong Kong.