CDT Equity (NASDAQ:CDT) Shares to Reverse Split on Friday, November 6th

CDT Equity Inc. (NASDAQ:CDT)’s stock is set to reverse split on Friday, November 6th. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, November 5th.

CDT Equity Price Performance

CDT opened at $0.05 on Thursday. The stock has a fifty day moving average price of $7.45 and a 200 day moving average price of $1,497.38. CDT Equity has a 1 year low of $0.05 and a 1 year high of $17,750.00.

CDT Equity (NASDAQ:CDT) last issued its earnings results on Wednesday, August 12th. The company reported ($217.75) EPS for the quarter.

Analyst Ratings Changes

CDT has been the topic of a number of research reports. Weiss Ratings restated a “sell (e+)” rating on shares of CDT Equity in a report on Monday, September 21st. Wall Street Zen upgraded shares of CDT Equity from a “sell” rating to a “hold” rating in a research note on Saturday, August 29th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

CDT Equity Company Profile

CDT Equity, Inc is a special purpose acquisition company (SPAC) formed to identify and complete a merger, share exchange, asset acquisition, or similar business combination with one or more operating businesses.

As a SPAC, CDT Equity does not have significant commercial operations, products, or services of its own. Its principal activities generally consist of raising capital through a public offering, evaluating potential acquisition targets, and seeking shareholder approval for a proposed transaction.

The company’s future business activities, geographic focus, and leadership structure will depend on any business combination it completes.