Masonglory Stock to Reverse Split on Tuesday, August 11th (NASDAQ:MSGY)

Masonglory Limited (NASDAQ:MSGY) shares are going to reverse split on Tuesday, August 11th. The 1-8 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, August 10th.

Masonglory Stock Down 3.7%

Shares of MSGY traded down $0.01 during mid-day trading on Friday, reaching $0.27. The company had a trading volume of 476,393 shares, compared to its average volume of 1,119,065. The firm has a fifty day simple moving average of $0.45 and a 200-day simple moving average of $0.74. Masonglory has a fifty-two week low of $0.23 and a fifty-two week high of $22.20.

Masonglory (NASDAQ:MSGY) last announced its quarterly earnings data on Thursday, July 30th. The company reported ($0.28) earnings per share (EPS) for the quarter. The firm had revenue of $7.08 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded Masonglory from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Masonglory has a consensus rating of “Sell”.

Institutional Investors Weigh In On Masonglory

A hedge fund recently raised its stake in Masonglory stock. Quadrature Capital Ltd lifted its holdings in Masonglory Limited (NASDAQ:MSGY) by 501.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 191,209 shares of the company’s stock after acquiring an additional 159,428 shares during the period. Quadrature Capital Ltd owned approximately 1.34% of Masonglory worth $507,000 as of its most recent SEC filing.

Masonglory Company Profile

Masonglory Limited is a subcontractor providing wet trades and related ancillary services to private and public sectors. Masonglory Limited is based in Hong Kong.