VCI Global Shares to Reverse Split on Monday, November 2nd (NASDAQ:VCIG)

VCI Global Limited (NASDAQ:VCIG)’s stock is set to reverse split before the market opens on Monday, November 2nd. The 1-18 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, November 1st.

VCI Global Trading Down 13.8%

VCIG stock traded down $0.03 during mid-day trading on Friday, hitting $0.17. 20,756,518 shares of the company were exchanged, compared to its average volume of 1,367,211. The business has a 50 day simple moving average of $1.32 and a 200-day simple moving average of $87.86. VCI Global has a 1-year low of $0.16 and a 1-year high of $1,962.00.

VCI Global (NASDAQ:VCIG) last posted its earnings results on Friday, October 16th. The company reported ($8.27) EPS for the quarter. The firm had revenue of $1.28 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of VCI Global in a report on Friday, October 16th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

VCI Global Company Profile

VCI Global Limited is a Malaysia-based diversified consulting and technology company. Through its subsidiaries, the company provides advisory and professional services to businesses, governments and other organizations, with activities spanning capital markets, corporate finance, business consulting and technology solutions.

Its consulting business supports clients with services such as fundraising, initial public offerings, mergers and acquisitions, corporate restructuring and strategic planning.