TNL Mediagene (NASDAQ:TNMG) Stock Set to Reverse Split on Tuesday, September 8th

TNL Mediagene (NASDAQ:TNMGFree Report)’s stock is going to reverse split on the morning of Tuesday, September 8th. The 1-8 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, September 7th.

TNL Mediagene Trading Down 3.5%

TNMG opened at $0.45 on Friday. TNL Mediagene has a 12 month low of $0.31 and a 12 month high of $12.28. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 3.87. The business’s 50-day moving average price is $0.46 and its 200-day moving average price is $1.13.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of TNL Mediagene in a research report on Thursday, July 2nd. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $14.00.

View Our Latest Research Report on TNL Mediagene

TNL Mediagene Company Profile

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TNL Mediagene engages in digital advertising, integrated marketing, marketing survey, artificial intelligence technology, data analysis, content service platform, and production of audio-visual programs. It operates media, technology, and digital studio businesses primarily in Japan and Taiwan. The company was founded on May 25, 2023 and is headquartered in Taipei, Taiwan.

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