JBDI (NASDAQ:JBDI) Shares Scheduled to Reverse Split on Thursday, June 25th

Shares of JBDI Holdings Limited (NASDAQ:JBDI) are set to reverse split on the morning of Thursday, June 25th. The 1-2 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, June 24th.

JBDI Stock Performance

JBDI stock traded down $0.04 during trading hours on Wednesday, hitting $0.58. The stock had a trading volume of 31,692 shares, compared to its average volume of 533,169. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.46 and a quick ratio of 4.19. JBDI has a one year low of $0.39 and a one year high of $3.00. The business’s 50 day simple moving average is $0.57 and its 200-day simple moving average is $0.69.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of JBDI in a research note on Friday, May 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

JBDI Company Profile

JBDI Holdings Limited engages in the trading of reconditioned and recycling containers in Singapore and the Southeast Asia region. The company offers reconditioning and recycling drums, including open top drums, metal drums, plastic drums, plastic carboys, and intermediate bulk containers, as well as new drums, and collects waste drums and related products. It serves solvent, chemical, petroleum, and edible product oil industries. The company was founded in 1983 and is based in Singapore. JBDI Holdings Limited operates as a subsidiary of E U Holdings Pte.