Onfolio (NASDAQ:ONFO) Shares Scheduled to Reverse Split on Monday, August 10th

Onfolio Holdings Inc. (NASDAQ:ONFO)’s stock is going to reverse split on Monday, August 10th. The 1-50 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, August 9th.

Onfolio Stock Down 17.4%

ONFO traded down $0.01 during trading on Thursday, reaching $0.06. The stock had a trading volume of 227,904,270 shares, compared to its average volume of 47,490,772. The stock’s 50 day moving average is $0.27 and its two-hundred day moving average is $0.58. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $422,400.00, a price-to-earnings ratio of -0.07 and a beta of 3.57. Onfolio has a one year low of $0.05 and a one year high of $2.48.

Onfolio (NASDAQ:ONFO) last announced its quarterly earnings data on Friday, May 15th. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.21). The firm had revenue of $1.87 million for the quarter, compared to analysts’ expectations of $1.68 million. Onfolio had a negative net margin of 44.11% and a negative return on equity of 80.51%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Onfolio from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, May 28th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

About Onfolio

Onfolio Holdings, Inc acquires and develops internet businesses. It provides website management, digital, advertising, and content placement services on its websites; and product sales on various sites. The company was founded in 2019 and is based in Wilmington, Delaware.