Urgent.ly (NASDAQ:ULY) Shares Set to Reverse Split on Tuesday, March 18th

Urgent.ly Inc. (NASDAQ:ULY)’s stock is set to reverse split on the morning of Tuesday, March 18th. The 1-12 reverse split was announced on Thursday, March 13th. The number of shares owned by shareholders will be adjusted after the market closes on Monday, March 17th.

Urgent.ly Price Performance

NASDAQ:ULY opened at $0.30 on Friday. The firm has a 50-day moving average of $0.51 and a two-hundred day moving average of $0.61. The stock has a market cap of $4.10 million, a P/E ratio of 0.03 and a beta of 0.85. Urgent.ly has a 1-year low of $0.25 and a 1-year high of $3.31.

Urgent.ly (NASDAQ:ULY) last released its quarterly earnings results on Wednesday, March 12th. The company reported ($0.65) EPS for the quarter. The company had revenue of $32.03 million during the quarter.

Institutional Trading of Urgent.ly

An institutional investor recently bought a new position in Urgent.ly stock. Toronto Dominion Bank acquired a new stake in shares of Urgent.ly Inc. (NASDAQ:ULY) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 165,750 shares of the company’s stock, valued at approximately $85,000. Toronto Dominion Bank owned about 1.23% of Urgent.ly at the end of the most recent reporting period. 28.30% of the stock is currently owned by hedge funds and other institutional investors.

About Urgent.ly

Urgent.ly Inc offers mobility assistance software platform for roadside assistance in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its services include car lockout, tire changes, towing, stuck in ditch and winch services, motorcycle towing, electric vehicle towing, jump start, and gas delivery.