Uni-Fuels (NASDAQ:UFG) Shares Set to Reverse Split on Tuesday, November 3rd

Uni-Fuels Holdings Limited (NASDAQ:UFG) shares are set to reverse split before the market opens on Tuesday, November 3rd. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, November 2nd.

Uni-Fuels Stock Performance

Shares of NASDAQ:UFG traded down $0.04 during mid-day trading on Friday, reaching $0.28. The stock had a trading volume of 169,515 shares, compared to its average volume of 993,918. The firm has a 50 day simple moving average of $0.47 and a two-hundred day simple moving average of $0.77. Uni-Fuels has a twelve month low of $0.28 and a twelve month high of $1.56.

Uni-Fuels (NASDAQ:UFG) last released its quarterly earnings data on Wednesday, September 9th. The company reported $0.02 earnings per share for the quarter. The firm had revenue of $98.55 million for the quarter. As a group, sell-side analysts forecast that Uni-Fuels will post 0.01 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Uni-Fuels in a research report on Tuesday. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the company has a consensus rating of “Sell”.

Uni-Fuels Company Profile

Uni-Fuels Holdings Limited is a Singapore-based marine fuel solutions provider focused on supplying and trading bunker fuel for commercial vessels. The company helps shipowners and operators procure the fuels needed to power their fleets and coordinates related delivery and logistical services.

Uni-Fuels serves customers in the international shipping industry, supporting vessels operating across major global maritime markets. Its activities include marine fuel sourcing, supplier coordination, and the arrangement of fuel deliveries at ports and other locations.

The company’s business is centered on facilitating marine fuel transactions between fuel suppliers and vessel operators, with an emphasis on serving small and midsized participants in the shipping sector.