Safe & Green Stock to Reverse Split on Thursday, May 2nd (NASDAQ:SGBX)

Safe & Green Holdings Corp. (NASDAQ:SGBX)’s stock is set to reverse split on Thursday, May 2nd. The 1-20 reverse split was announced on Tuesday, April 30th. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, May 1st.

Safe & Green Stock Performance

SGBX traded down $0.03 during trading on Tuesday, reaching $0.12. 2,406,834 shares of the stock traded hands, compared to its average volume of 2,406,540. Safe & Green has a fifty-two week low of $0.11 and a fifty-two week high of $2.18. The stock’s 50-day simple moving average is $0.22 and its two-hundred day simple moving average is $0.38. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.45 and a quick ratio of 0.43.

About Safe & Green

Safe & Green Holdings Corp. designs and modifies code-engineered cargo shipping containers and purpose-built modules for commercial, industrial, and residential building construction in the United States.The company redesigns, repurposes, and convert heavy-gauge steel cargo shipping containers into SGBlocks, which are green building blocks for construction.