OFA Group (NASDAQ:OFAL) Shares to Reverse Split on Friday, July 31st

Shares of OFA Group (NASDAQ:OFAL) are set to reverse split on the morning of Friday, July 31st. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, July 30th.

OFA Group Trading Down 7.8%

OFA Group stock traded down $0.01 during trading hours on Monday, reaching $0.10. 1,174,828 shares of the company’s stock traded hands, compared to its average volume of 573,899. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.49 and a current ratio of 0.49. OFA Group has a fifty-two week low of $0.08 and a fifty-two week high of $1.93. The firm’s 50 day moving average is $0.22 and its 200-day moving average is $0.42.

OFA Group (NASDAQ:OFAL) last issued its earnings results on Tuesday, July 14th. The company reported ($0.16) earnings per share (EPS) for the quarter. The firm had revenue of $0.06 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of OFA Group in a research report on Friday, May 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Hedge Funds Weigh In On OFA Group

A hedge fund recently bought a new position in OFA Group stock. Virtu Financial LLC bought a new position in shares of OFA Group (NASDAQ:OFAL) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 37,733 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned approximately 0.27% of OFA Group at the end of the most recent quarter.

About OFA Group

Through our wholly owned operating subsidiary, Office for Fine Architecture Limited, we provide comprehensive architectural services, including design and fit out services for commercial and residential buildings. The design service includes both the consultation with our staff and the actual design work and the Company provides a specific conceptualized design with layout plans, detailed design drawings, advice relating to, among other things, budgetary consideration, optimal use of space, the materials, fittings, furniture, appliances and other items to be used with an aim to produce a preliminary design plan and quotation for clients’ considerations.