INLIF Stock to Reverse Split on Monday, April 6th (NASDAQ:INLF)

INLIF Limited (NASDAQ:INLF)’s stock is scheduled to reverse split before the market opens on Monday, April 6th. The 1-16 reverse split was announced on Tuesday, March 31st. The number of shares owned by shareholders will be adjusted after the market closes on Friday, April 3rd.

INLIF Trading Down 14.8%

INLF opened at $0.28 on Thursday. The firm’s 50 day moving average is $0.41 and its 200-day moving average is $0.56. INLIF has a 52-week low of $0.27 and a 52-week high of $1.75.

INLIF (NASDAQ:INLF) last posted its earnings results on Friday, March 6th. The company reported ($0.10) EPS for the quarter. The firm had revenue of $4.07 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of INLIF in a report on Friday, January 9th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, INLIF has a consensus rating of “Sell”.

About INLIF

INLIF Ltd. is a holding company, which engages in the development of injection molding machine-dedicated manipulator arms. Its products include: Three-axis robot, Five-axis robot and bull head type manipulator. The company was founded on January 4, 2023 and is headquartered in Quanzhou, China.