Nocera (NASDAQ:NCRA) Shares to Reverse Split on Tuesday, July 7th

Shares of Nocera, Inc. (NASDAQ:NCRA) are going to reverse split before the market opens on Tuesday, July 7th. The 1-30 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, July 6th.

Nocera Price Performance

Nocera stock remained flat at $0.07 during midday trading on Friday. 9,494,981 shares of the company traded hands, compared to its average volume of 25,906,554. The stock has a 50-day moving average of $0.17 and a two-hundred day moving average of $0.39. The stock has a market capitalization of $1.01 million, a P/E ratio of -0.30 and a beta of 1.89. Nocera has a one year low of $0.06 and a one year high of $2.40.

Nocera (NASDAQ:NCRA) last released its earnings results on Thursday, May 14th. The company reported ($0.09) EPS for the quarter. Nocera had a negative return on equity of 207.32% and a negative net margin of 44.02%.The firm had revenue of $2.28 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Nocera in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Nocera currently has an average rating of “Sell”.

Nocera Company Profile

Nocera, Inc, together with its subsidiaries, designs, develops, and produces recirculating aquaculture systems for fish farms in Taiwan. The company also offers consulting, technology transfer, and aquaculture project management services to new and existing aquaculture management business services. In addition, the company sells signature seafood porridge bowl through its flagship bento box store. The company was founded in 2014 and is headquartered in New Taipei City, Taiwan.