SOS (NYSE:SOS) Shares Set to Reverse Split on Thursday, November 19th

SOS Limited Unsponsored ADR (NYSE:SOS) shares are going to reverse split before the market opens on Thursday, November 19th. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, November 18th.

SOS Stock Performance

Shares of SOS traded down $0.03 during mid-day trading on Tuesday, reaching $0.17. 177,561 shares of the company’s stock traded hands, compared to its average volume of 404,148. The business’s 50-day moving average price is $0.41 and its 200-day moving average price is $0.95. SOS has a 12 month low of $0.17 and a 12 month high of $2.20.

SOS (NYSE:SOS) last announced its quarterly earnings results on Wednesday, October 7th. The company reported ($1.04) earnings per share (EPS) for the quarter. The business had revenue of $24.41 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of SOS from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, October 6th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company has an average rating of “Sell”.

About SOS

SOS Limited (NYSE: SOS) is a holding company focused on technology-driven services and digital asset operations. Through its subsidiaries, the company has provided marketing data, technology solutions and emergency rescue services, with activities spanning areas such as insurance, finance, healthcare and public assistance. The company has also expanded into cryptocurrency mining and related blockchain activities. Its business has included the development and operation of computing and data-center infrastructure used to support digital asset mining, as well as efforts to build capabilities in cryptocurrency-related technology and services.