SMX (Security Matters) Public (NASDAQ:SMX) Shares Set to Reverse Split on Monday, July 15th

SMX (Security Matters) Public Limited (NASDAQ:SMX)’s stock is set to reverse split on the morning of Monday, July 15th. The 1-75 reverse split was announced on Monday, July 15th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, July 15th.

SMX (Security Matters) Public Stock Down 12.1 %

SMX stock traded down $0.01 during trading on Thursday, reaching $0.11. The stock had a trading volume of 8,017,619 shares, compared to its average volume of 7,297,948. SMX has a one year low of $0.09 and a one year high of $5.39. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.03. The company’s 50 day moving average is $0.14 and its two-hundred day moving average is $0.24.

Institutional Investors Weigh In On SMX (Security Matters) Public

An institutional investor recently bought a new position in SMX (Security Matters) Public stock. Virtu Financial LLC bought a new stake in SMX (Security Matters) Public Limited (NASDAQ:SMX) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 303,942 shares of the company’s stock, valued at approximately $39,000. Virtu Financial LLC owned about 10.41% of SMX (Security Matters) Public as of its most recent SEC filing. 15.74% of the stock is owned by hedge funds and other institutional investors.

About SMX (Security Matters) Public

SMX (Security Matters) Public Limited Company, through its subsidiaries, engages in the development and commercialization of track and trace technologies for various industries. It owns and commercializes technology to mark various objects, such as solid, liquid, or gas allowing identification, circularity, proof of authenticity, tracking supply chain movements, and quality assurance.