Nature Wood Group Limited Sponsored ADR (NASDAQ:NWGL – Free Report) shares are scheduled to reverse split on Friday, November 6th. The 1-80 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, November 5th.
Nature Wood Group Stock Down 0.4%
NWGL traded down $0.00 during trading hours on Wednesday, reaching $0.06. The company’s stock had a trading volume of 154,107,739 shares, compared to its average volume of 7,247,353. The company’s 50-day moving average is $0.89 and its 200-day moving average is $0.81. Nature Wood Group has a 52 week low of $0.05 and a 52 week high of $1.98. 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 (NASDAQ:NWGL – Get Free Report) last announced its quarterly earnings results on Tuesday, October 6th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $1.48 million during the quarter.
Analyst Ratings Changes
NWGL has been the subject of several research analyst reports. Weiss Ratings downgraded shares of Nature Wood Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, October 14th. Wall Street Zen cut shares of Nature Wood Group from a “hold” rating to a “sell” rating in a report on Saturday, October 10th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock has a consensus rating of “Sell”.
Check Out Our Latest Report on NWGL
About Nature Wood Group
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.
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