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

Agrify Co. (NASDAQ:AGFY) shares are going to reverse split before the market opens on 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 Trading Up 0.4 %

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

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

About Agrify

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.