Sacks Parente Golf (NASDAQ:SPGC) Shares to Reverse Split on Tuesday, July 30th

Sacks Parente Golf, Inc. (NASDAQ:SPGC)’s stock is set to reverse split on Tuesday, July 30th. The 1-10 reverse split was announced on Tuesday, July 30th. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, July 30th.

Sacks Parente Golf Trading Down 2.1 %

SPGC opened at $0.49 on Friday. The stock has a fifty day moving average price of $0.52 and a 200 day moving average price of $0.57. Sacks Parente Golf has a 1 year low of $0.36 and a 1 year high of $30.00. The stock has a market cap of $7.11 million and a price-to-earnings ratio of -1.32.

Sacks Parente Golf (NASDAQ:SPGC) last posted its quarterly earnings results on Tuesday, April 30th. The company reported ($0.08) earnings per share for the quarter. The firm had revenue of $0.35 million for the quarter. Sacks Parente Golf had a negative return on equity of 130.52% and a negative net margin of 804.76%. As a group, sell-side analysts forecast that Sacks Parente Golf will post -0.23 earnings per share for the current fiscal year.

Sacks Parente Golf Company Profile

Sacks Parente Golf, Inc, a technology-forward golf company, manufactures and sells golf products. The company provides putting instruments, golf shafts, golf grips, and other golf-related products. It also offers online custom fitting programs. The company sells its products through e-commerce, distributors, wholesale customers, including pro-shops at golf courses and off-course retailers, sporting goods retailers, online retailers, third-party distributors, and through Club Champion Golf, as well as through mass merchants and corporate customers in the Americas, Asia, and Europe.