MGN (NASDAQ:MGN – Free Report)’s stock is scheduled to reverse split on the morning of Thursday, September 17th. The 1-30 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, September 16th.
MGN Stock Down 12.9%
Shares of NASDAQ MGN opened at $0.17 on Friday. MGN has a 12-month low of $0.15 and a 12-month high of $345.20. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.05 and a quick ratio of 2.05. The company’s 50-day simple moving average is $116.70.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a “sell (d-)” rating on shares of MGN in a report on Thursday, August 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, MGN has a consensus rating of “Sell”.
About MGN
Megan Holdings is a company principally engaged in the development, construction and maintenance of aquaculture farms and related works. Megan Holdings is based in Malaysia.
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