Uni-Fuels Shares Scheduled to Reverse Split on Tuesday, November 3rd (NASDAQ:UFG)

Uni-Fuels Holdings Limited (NASDAQ:UFG)’s stock is set to reverse split on Tuesday, November 3rd. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, November 2nd.

Uni-Fuels Stock Down 11.3%

UFG traded down $0.04 during mid-day trading on Friday, reaching $0.28. The stock had a trading volume of 169,515 shares, compared to its average volume of 993,918. The firm’s fifty day simple moving average is $0.47 and its two-hundred day simple moving average is $0.77. Uni-Fuels has a 52 week low of $0.28 and a 52 week high of $1.56.

Uni-Fuels (NASDAQ:UFG) last released its earnings results on Wednesday, September 9th. The company reported $0.02 EPS for the quarter. The firm had revenue of $98.55 million during the quarter. On average, analysts predict that Uni-Fuels will post 0.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Uni-Fuels in a research report on Tuesday. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

About Uni-Fuels

Uni-Fuels Holdings Limited is a Singapore-based marine fuel solutions provider focused on supplying and trading bunker fuel for commercial vessels. The company helps shipowners and operators procure the fuels needed to power their fleets and coordinates related delivery and logistical services.

Uni-Fuels serves customers in the international shipping industry, supporting vessels operating across major global maritime markets. Its activities include marine fuel sourcing, supplier coordination, and the arrangement of fuel deliveries at ports and other locations.

The company’s business is centered on facilitating marine fuel transactions between fuel suppliers and vessel operators, with an emphasis on serving small and midsized participants in the shipping sector.