Shares of FBS Global Limited (NASDAQ:FBGL – Free Report) are scheduled to reverse split before the market opens on Monday, September 28th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, September 27th.
FBS Global Stock Performance
FBGL stock traded down $0.03 during midday trading on Thursday, reaching $0.37. The company had a trading volume of 2,523,699 shares, compared to its average volume of 4,803,754. The stock has a 50 day moving average price of $0.44 and a 200 day moving average price of $0.54. FBS Global has a fifty-two week low of $0.34 and a fifty-two week high of $1.40.
Analysts Set New Price Targets
Separately, Weiss Ratings raised FBS Global from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, September 14th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.
Hedge Funds Weigh In On FBS Global
An institutional investor recently raised its stake in FBS Global stock. Renaissance Technologies LLC raised its holdings in shares of FBS Global Limited (NASDAQ:FBGL – Free Report) by 15.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,492 shares of the company’s stock after acquiring an additional 19,647 shares during the period. Renaissance Technologies LLC owned approximately 1.07% of FBS Global worth $86,000 as of its most recent SEC filing.
About FBS Global
FBS Global Limited is a Singapore-based food and beverage company focused on the distribution and supply of food products and ingredients. The company serves business customers in the foodservice sector, including restaurants, hotels, caterers and other commercial food operators.
Its activities include sourcing food products from suppliers and providing procurement and distribution services designed to support customers’ food and beverage operations. The company’s business is primarily oriented toward the business-to-business market rather than direct retail sales.
FBS Global operates through its Singapore-centered business and serves customers in the broader foodservice industry.
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