Nexentis Technologies (NASDAQ:NXTS) Shares Set to Reverse Split on Monday, November 9th

Nexentis Technologies Inc. (NASDAQ:NXTS) shares are set to reverse split before the market opens on Monday, November 9th. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, November 8th.

Nexentis Technologies Trading Up 6.8%

NXTS traded up $0.03 on Friday, hitting $0.51. 222,017 shares of the company were exchanged, compared to its average volume of 542,941. The firm has a fifty day simple moving average of $1.15 and a two-hundred day simple moving average of $3.99. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.72 and a current ratio of 3.72. Nexentis Technologies has a 12 month low of $0.43 and a 12 month high of $23.80. The stock has a market capitalization of $745,590.00, a PE ratio of -0.01 and a beta of 1.95.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Nexentis Technologies in a report on Tuesday, October 13th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Nexentis Technologies

A hedge fund recently bought a new stake in Nexentis Technologies stock. Yorkville Advisors Global LP bought a new stake in shares of Nexentis Technologies Inc. (NASDAQ:NXTS) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 16,409 shares of the company’s stock, valued at approximately $70,724. Yorkville Advisors Global LP owned about 1.13% of Nexentis Technologies at the end of the most recent quarter. Hedge funds and other institutional investors own 61.24% of the company’s stock.

Nexentis Technologies Company Profile

N2OFF, Inc, an agri-food tech company, engages in the development and sale of eco-friendly green solutions for the food industry to enhance food safety and shelf life of fresh produce. Its products are based on proprietary blend of food acids combined with various oxidizing agent-based sanitizers and low concentrated fungicides for cleaning, sanitizing, and controlling pathogens on fresh produce that are safer for human consumption and extend their shelf life by reducing their decay. The company’s products include SavePROTECT or PeroStar, a processing aid for post-harvest application that is added to fruit and vegetable wash water; and SF3HS and SF3H, a post-harvest cleaning and sanitizing solution to control plant and foodborne pathogens.