Founder Group (NASDAQ:FGL) Stock Scheduled to Reverse Split on Tuesday, September 1st

Founder Group Limited (NASDAQ:FGL)’s stock is going to reverse split before the market opens on Tuesday, September 1st. The 1-100 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, August 31st.

Founder Group Trading Down 13.8%

Shares of FGL traded down $0.02 during mid-day trading on Friday, hitting $0.15. 25,921,862 shares of the stock were exchanged, compared to its average volume of 1,589,278. Founder Group has a 52-week low of $0.12 and a 52-week high of $140.00. The firm has a 50-day moving average of $0.96 and a two-hundred day moving average of $3.22. The company has a quick ratio of 1.14, a current ratio of 1.15 and a debt-to-equity ratio of 0.59.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Founder Group in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Insider Buying and Selling

In related news, major shareholder Financial Lp Hrt sold 146,713 shares of Founder Group stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $0.33, for a total value of $48,415.29. Following the completion of the transaction, the insider owned 41,361 shares in the company, valued at approximately $13,649.13. This trade represents a 78.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders bought a total of 185,191 shares of company stock valued at $42,373 in the last ninety days. Company insiders own 0.60% of the company’s stock.

Founder Group Company Profile

Founder Group is a diversified investment holding company originally established in 1986 by Peking University. The group traces its roots to one of China’s leading academic institutions and has since evolved into a state-owned enterprise focused on fostering innovation and technology commercialization. Leveraging its academic heritage, Founder Group has built a network of subsidiaries and affiliates across a range of high-growth industries.

The company’s main business activities span information technology and digital printing, including integrated circuit design, software development and advanced printing solutions.