SANUWAVE Health Stock Set to Reverse Split on Friday, October 18th (OTCMKTS:SNWV)

SANUWAVE Health, Inc. (OTCMKTS:SNWV) shares are set to reverse split on the morning of Friday, October 18th. The 1-375 reverse split was announced on Wednesday, October 16th. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, October 17th.

SANUWAVE Health Stock Performance

OTCMKTS:SNWV traded up $0.00 during mid-day trading on Wednesday, reaching $0.04. 1,256,973 shares of the company’s stock were exchanged, compared to its average volume of 410,244. SANUWAVE Health has a one year low of $0.00 and a one year high of $0.04. The business’s fifty day simple moving average is $0.02 and its two-hundred day simple moving average is $0.02. The firm has a market capitalization of $44.06 million, a PE ratio of -3.46 and a beta of 1.20.

SANUWAVE Health (OTCMKTS:SNWV) last posted its earnings results on Monday, August 12th. The company reported $0.01 EPS for the quarter. The firm had revenue of $7.16 million during the quarter. SANUWAVE Health had a negative net margin of 13.79% and a negative return on equity of 23.83%.

SANUWAVE Health Company Profile

SANUWAVE Health, Inc, a shock wave technology company, researches, develops, and commercializes noninvasive, high-energy, and acoustic shock waves for regenerative medicine and other applications in the United States and internationally. Its shockwaves are used to produce a biological response resulting in the body healing itself through the repair and regeneration of tissue, musculoskeletal, and vascular structures.