Smart for Life Stock to Reverse Split on Monday, April 22nd (NASDAQ:SMFL)

Shares of Smart for Life, Inc. (NASDAQ:SMFL) are scheduled to reverse split on Monday, April 22nd. The 1-7 reverse split was announced on Monday, April 22nd. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, April 22nd.

Smart for Life Trading Up 4.0 %

NASDAQ SMFL opened at $0.48 on Friday. The stock has a market capitalization of $384,800.00, a price-to-earnings ratio of 0.00 and a beta of 0.86. Smart for Life has a one year low of $0.33 and a one year high of $68.31. The company has a debt-to-equity ratio of 8.93, a current ratio of 0.18 and a quick ratio of 0.04. The business’s fifty day moving average is $0.76 and its 200-day moving average is $1.36.

Institutional Investors Weigh In On Smart for Life

A hedge fund recently bought a new stake in Smart for Life stock. UBS Group AG bought a new position in shares of Smart for Life, Inc. (NASDAQ:SMFL) during the first quarter, according to its most recent filing with the SEC. The fund bought 25,629 shares of the company’s stock, valued at approximately $29,000. UBS Group AG owned 0.12% of Smart for Life at the end of the most recent reporting period. 28.39% of the stock is currently owned by institutional investors.

About Smart for Life

Smart for Life, Inc acquires, develops, manufactures, operates, markets, and sells nutraceutical and related products in the United States and internationally. It offers natural health and wellness meal replacement products, including nutrition bars, cookies, soups and shakes, vitamins, and supplements under the Smart for Life brand; dietary supplements; and nutritional products, including whey protein isolate powder, tablet supplements for joint health, nitric oxide, post workout blends, Omega-3 supplements, and pre-workout supplements under the Sports Illustrated Nutrition brand for athletes and active lifestyle consumers.