Smart for Life Stock Scheduled to Reverse Split on Monday, April 22nd (NASDAQ:SMFL)

Shares of Smart for Life, Inc. (NASDAQ:SMFL) are going to reverse split on Monday, April 22nd. The 1-7 reverse split was announced on Monday, April 22nd. The number of shares owned by shareholders will be adjusted after the market closes on Monday, April 22nd.

Smart for Life Trading Up 4.0 %

NASDAQ:SMFL opened at $0.48 on Friday. Smart for Life has a 12-month low of $0.33 and a 12-month high of $68.31. The firm has a market cap of $384,800.00, a PE ratio of 0.00 and a beta of 0.86. The company has a current ratio of 0.18, a quick ratio of 0.04 and a debt-to-equity ratio of 8.93. The stock has a fifty day moving average price of $0.76 and a 200 day moving average price of $1.36.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Smart for Life stock. UBS Group AG acquired a new stake in Smart for Life, Inc. (NASDAQ:SMFL) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 25,629 shares of the company’s stock, valued at approximately $29,000. UBS Group AG owned approximately 0.12% of Smart for Life at the end of the most recent quarter. 28.39% of the stock is owned by institutional investors.

About Smart for Life

Smart for Life, Inc acquires, develops, manufactures, operates, markets, and sells nutraceutical and related products in the United States and internationally. It offers natural health and wellness meal replacement products, including nutrition bars, cookies, soups and shakes, vitamins, and supplements under the Smart for Life brand; dietary supplements; and nutritional products, including whey protein isolate powder, tablet supplements for joint health, nitric oxide, post workout blends, Omega-3 supplements, and pre-workout supplements under the Sports Illustrated Nutrition brand for athletes and active lifestyle consumers.