Cosmos Health Shares to Reverse Split on Thursday, November 12th (NASDAQ:COSM)

Cosmos Health Inc. (NASDAQ:COSM) shares are going to reverse split on the morning of Thursday, November 12th. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, November 11th.

Cosmos Health Stock Performance

Shares of NASDAQ COSM traded up $0.04 during midday trading on Wednesday, reaching $0.24. 2,110,844 shares of the company were exchanged, compared to its average volume of 4,099,442. The company has a current ratio of 1.05, a quick ratio of 0.92 and a debt-to-equity ratio of 0.15. Cosmos Health has a 1 year low of $0.16 and a 1 year high of $0.77. The stock has a fifty day simple moving average of $0.31 and a 200 day simple moving average of $0.30. The stock has a market cap of $23.76 million, a P/E ratio of -0.37 and a beta of 4.73.

Cosmos Health (NASDAQ:COSM) last issued its quarterly earnings results on Tuesday, August 18th. The company reported ($0.10) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.10). Cosmos Health had a negative return on equity of 56.88% and a negative net margin of 33.08%. The firm had revenue of $19.32 million for the quarter, compared to analysts’ expectations of $18.99 million. On average, research analysts forecast that Cosmos Health will post -0.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on COSM. Noble Financial assumed coverage on shares of Cosmos Health in a research note on Monday, October 26th. They set an “outperform” rating on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Cosmos Health in a report on Wednesday, October 28th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold”.

Hedge Funds Weigh In On Cosmos Health

An institutional investor recently raised its position in Cosmos Health stock. Renaissance Technologies LLC grew its stake in Cosmos Health Inc. (NASDAQ:COSM) by 16.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 390,500 shares of the company’s stock after acquiring an additional 55,925 shares during the quarter. Renaissance Technologies LLC owned about 0.75% of Cosmos Health worth $124,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 12.61% of the company’s stock.

About Cosmos Health

Cosmos Health Inc. is a healthcare group that develops, manufactures and distributes pharmaceutical, nutraceutical and healthcare products. Its portfolio includes branded dietary supplements, vitamins and wellness products, as well as pharmaceutical products and medical devices distributed through retail, wholesale and online channels. The company markets its nutraceutical products under the Sky Premium Life brand, which offers supplements and other health and wellness products. Cosmos Health also has manufacturing and product-development activities through Cana Laboratories, a Greece-based pharmaceutical manufacturer that produces pharmaceutical and healthcare products for its own portfolio and third parties.