Itonic Shares to Reverse Split on Tuesday, October 6th (NASDAQ:ITOC)

Itonic Holdings Ltd. (NASDAQ:ITOC) shares are set to reverse split before the market opens on Tuesday, October 6th. The 1-16 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, October 5th.

Itonic Price Performance

Shares of NASDAQ ITOC traded down $0.04 during mid-day trading on Friday, reaching $0.25. The company had a trading volume of 212,645 shares, compared to its average volume of 995,162. The stock has a fifty day moving average of $0.29 and a two-hundred day moving average of $0.31. Itonic has a 12-month low of $0.22 and a 12-month high of $1.15.

Itonic (NASDAQ:ITOC) last posted its quarterly earnings results on Wednesday, September 30th. The company reported ($0.05) EPS for the quarter. The company had revenue of $0.05 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of Itonic from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, September 24th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

About Itonic

iTonic Holdings Ltd., a healthcare solutions provider, develops and commercializes treatment software and devices used for brachytherapy. Its proprietary treatment planning system is a radioactive particle implantation, a radiotherapy used in treating cancer patients by placing radioactive sources inside the patient that kill cancer cells and shrink tumors. The company offers FTTPS, a treatment planning system for treating various malignant tumors, which could determine the target volume, prescription dose, and dose limitation to protect organs at risks and produce dose distribution plan for brachytherapy for cancer patients.