OFA Group Stock Scheduled to Reverse Split on Friday, July 31st (NASDAQ:OFAL)

OFA Group (NASDAQ:OFAL)’s stock is set to reverse split on the morning of Friday, July 31st. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, July 30th.

OFA Group Stock Performance

Shares of OFA Group stock traded down $0.01 during trading on Monday, reaching $0.10. 1,174,828 shares of the stock traded hands, compared to its average volume of 1,018,699. The business has a fifty day simple moving average of $0.22 and a two-hundred day simple moving average of $0.42. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.04. OFA Group has a 52-week low of $0.08 and a 52-week high of $1.93.

OFA Group (NASDAQ:OFAL) last issued its earnings results on Tuesday, July 14th. The company reported ($0.16) earnings per share (EPS) for the quarter. The firm had revenue of $0.06 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of OFA Group in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On OFA Group

A hedge fund recently bought a new stake in OFA Group stock. Virtu Financial LLC bought a new position in OFA Group (NASDAQ:OFAL) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 37,733 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned about 0.27% of OFA Group as of its most recent SEC filing.

About OFA Group

Through our wholly owned operating subsidiary, Office for Fine Architecture Limited, we provide comprehensive architectural services, including design and fit out services for commercial and residential buildings. The design service includes both the consultation with our staff and the actual design work and the Company provides a specific conceptualized design with layout plans, detailed design drawings, advice relating to, among other things, budgetary consideration, optimal use of space, the materials, fittings, furniture, appliances and other items to be used with an aim to produce a preliminary design plan and quotation for clients’ considerations.