Safe & Green Stock Set to Reverse Split on Thursday, May 2nd (NASDAQ:SGBX)

Shares of Safe & Green Holdings Corp. (NASDAQ:SGBX) are going to reverse split on the morning of Thursday, May 2nd. The 1-20 reverse split was announced on Tuesday, April 30th. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, May 1st.

Safe & Green Stock Down 18.3 %

SGBX stock traded down $0.03 during trading hours on Tuesday, reaching $0.12. 2,406,834 shares of the stock were exchanged, compared to its average volume of 2,406,540. The firm’s 50-day moving average is $0.21 and its 200-day moving average is $0.37. The company has a market cap of $2.09 million, a price-to-earnings ratio of -0.11 and a beta of -2.60. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.45 and a quick ratio of 0.43. Safe & Green has a 12 month low of $0.11 and a 12 month high of $2.18.

About Safe & Green

Safe & Green Holdings Corp. designs and modifies code-engineered cargo shipping containers and purpose-built modules for commercial, industrial, and residential building construction in the United States.The company redesigns, repurposes, and convert heavy-gauge steel cargo shipping containers into SGBlocks, which are green building blocks for construction.