Nature Wood Group Stock Scheduled to Reverse Split on Friday, November 6th (NASDAQ:NWGL)

Shares of Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL) are going to reverse split before the market opens on Friday, November 6th. The 1-80 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, November 5th.

Nature Wood Group Stock Performance

Shares of NWGL traded down $0.00 during mid-day trading on Wednesday, hitting $0.06. 154,107,739 shares of the company’s stock were exchanged, compared to its average volume of 7,247,353. The company has a quick ratio of 1.12, a current ratio of 1.23 and a debt-to-equity ratio of 0.06. Nature Wood Group has a 52 week low of $0.05 and a 52 week high of $1.98. The stock’s 50-day simple moving average is $0.89 and its 200-day simple moving average is $0.81.

Nature Wood Group (NASDAQ:NWGL) last issued its quarterly earnings results on Tuesday, October 6th. The company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $1.48 million during the quarter.

Analyst Ratings Changes

Several equities analysts have recently issued reports on NWGL shares. Weiss Ratings lowered Nature Wood Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, October 14th. Wall Street Zen downgraded Nature Wood Group from a “hold” rating to a “sell” rating in a research report on Saturday, October 10th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Nature Wood Group Company Profile

Nature Wood Group Limited is a forestry and timber products company focused on the sourcing, harvesting, processing and sale of wood products. Its activities include timber operations, log procurement and the production and distribution of sawn timber and related wood products for commercial and industrial customers.

The company’s business spans forestry resources in Suriname and timber processing and sales activities in China. Through its operations and subsidiaries, Nature Wood Group serves customers in the timber and wood-products markets while participating in the supply chain from forest resources to processed lumber.

Nature Wood Group became a publicly traded company on the Nasdaq Capital Market in 2023.