Agrify Stock Set to Reverse Split on Tuesday, October 8th (NASDAQ:AGFY)

Agrify Co. (NASDAQ:AGFY)’s stock is going to reverse split on the morning of Tuesday, October 8th. The 1-15 reverse split was announced on Friday, October 4th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, October 7th.

Agrify Price Performance

Shares of NASDAQ:AGFY traded up $0.00 during midday trading on Friday, reaching $0.23. 212,604 shares of the company’s stock were exchanged, compared to its average volume of 3,165,134. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.09 and a current ratio of 0.82. The company’s 50 day simple moving average is $0.25 and its two-hundred day simple moving average is $0.30. Agrify has a 12 month low of $0.21 and a 12 month high of $2.87. The firm has a market capitalization of $3.23 million, a PE ratio of -0.04 and a beta of 2.05.

Agrify (NASDAQ:AGFY) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.13) earnings per share (EPS) for the quarter. The company had revenue of $2.99 million for the quarter.

Agrify Company Profile

Agrify Corporation offers hardware and software cultivation and extraction solutions for the cannabis and hemp industry in the United States. It offers vertical farming units and Agrify Insights Software-as-a-Service software; integrated grow racks and LED grow lights; and non-proprietary products designed, engineered, and manufactured by third parties, such as air cleaning systems and pesticide-free surface protection products.