SU Group (NASDAQ:SUGP) Stock Scheduled to Reverse Split on Wednesday, October 7th

SU Group Holdings Limited (NASDAQ:SUGP) shares are set to reverse split on the morning of Wednesday, October 7th. The 1-6 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, October 6th.

SU Group Trading Down 18.6%

Shares of NASDAQ SUGP opened at $0.41 on Friday. SU Group has a 1 year low of $0.37 and a 1 year high of $55.00. The company’s 50-day moving average is $1.27 and its 200 day moving average is $9.76.

SU Group (NASDAQ:SUGP) last released its quarterly earnings results on Tuesday, September 29th. The company reported ($0.93) earnings per share (EPS) for the quarter. The company had revenue of $5.51 million for the quarter.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on SUGP shares. Wall Street Zen raised SU Group from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings lowered SU Group from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, September 16th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

SU Group Company Profile

SU Group Holdings Limited is a Hong Kong-based provider of security and facility management services. Through its operating subsidiaries, the company serves commercial, residential, public-sector and other institutional customers in Hong Kong.

Its security business includes manned guarding, patrol and access-control services, security monitoring, event security and related risk-management support. SU Group also provides technology-enabled security solutions, including the design, installation and maintenance of electronic security systems and equipment.

The company’s facility management activities complement its security operations and may include building support, maintenance coordination and other services intended to help customers manage and protect their properties.