iSun (NASDAQ:ISUN) Shares to Reverse Split on Friday, April 26th

iSun, Inc. (NASDAQ:ISUN) shares are going to reverse split on the morning of Friday, April 26th. The 1-20 reverse split was announced on Friday, April 26th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, April 26th.

iSun Price Performance

Shares of NASDAQ ISUN traded down $0.05 on Wednesday, hitting $0.09. The company’s stock had a trading volume of 9,588,639 shares, compared to its average volume of 616,955. iSun has a 12-month low of $0.06 and a 12-month high of $0.75. The company has a market capitalization of $4.45 million, a price-to-earnings ratio of -0.12 and a beta of 1.10. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.89 and a quick ratio of 0.85. The stock has a 50 day moving average of $0.20 and a 200-day moving average of $0.21.

Institutional Trading of iSun

A hedge fund recently raised its stake in iSun stock. Commonwealth Equity Services LLC raised its holdings in iSun, Inc. (NASDAQ:ISUN) by 442.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 551,600 shares of the company’s stock after purchasing an additional 450,000 shares during the period. Commonwealth Equity Services LLC owned 1.67% of iSun worth $124,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 11.80% of the company’s stock.

About iSun

iSun, Inc, a solar energy company, provides design, development, engineering, procurement, installation, storage, and electric vehicle infrastructure services for residential, commercial, industrial, and utility customers in the United States. It also provides electrical contracting services; and data and communication services.