Uni-Fuels (NASDAQ:UFG) Stock Set to Reverse Split on Tuesday, November 3rd

Shares of Uni-Fuels Holdings Limited (NASDAQ:UFG) are going to reverse split on the morning of Tuesday, November 3rd. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, November 2nd.

Uni-Fuels Trading Down 11.3%

Shares of UFG traded down $0.04 on Friday, reaching $0.28. The company’s stock had a trading volume of 169,515 shares, compared to its average volume of 179,957. Uni-Fuels has a twelve month low of $0.28 and a twelve month high of $1.56. The firm has a fifty day moving average of $0.47 and a 200-day moving average of $0.77.

Uni-Fuels (NASDAQ:UFG) last posted its earnings results on Wednesday, September 9th. The company reported $0.02 earnings per share for the quarter. The company had revenue of $98.55 million during the quarter. As a group, research analysts predict that Uni-Fuels will post 0.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Uni-Fuels in a report on Tuesday. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Uni-Fuels presently has an average rating of “Sell”.

About Uni-Fuels

Uni-Fuels Holdings Limited is a Singapore-based marine fuel solutions provider focused on supplying and trading bunker fuel for commercial vessels. The company helps shipowners and operators procure the fuels needed to power their fleets and coordinates related delivery and logistical services.

Uni-Fuels serves customers in the international shipping industry, supporting vessels operating across major global maritime markets. Its activities include marine fuel sourcing, supplier coordination, and the arrangement of fuel deliveries at ports and other locations.

The company’s business is centered on facilitating marine fuel transactions between fuel suppliers and vessel operators, with an emphasis on serving small and midsized participants in the shipping sector.