VS MEDIA (NASDAQ:VSME) Shares to Reverse Split on Friday, January 9th

Shares of VS MEDIA Holdings Limited (NASDAQ:VSME) are set to reverse split on the morning of Friday, January 9th. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, January 8th.

VS MEDIA Trading Down 6.0%

Shares of NASDAQ VSME opened at $0.09 on Monday. The firm has a 50-day simple moving average of $0.26 and a 200-day simple moving average of $1.16. VS MEDIA has a 52 week low of $0.07 and a 52 week high of $3.21.

VS MEDIA (NASDAQ:VSME) last posted its quarterly earnings results on Friday, October 31st. The company reported ($0.10) earnings per share for the quarter. The company had revenue of $1.63 million for the quarter.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Weiss Ratings restated a “sell (e+)” rating on shares of VS MEDIA in a report on Monday, December 29th. Wall Street Zen raised shares of VS MEDIA to a “hold” rating in a research report on Friday, September 26th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

About VS MEDIA

VS MEDIA Holdings Limited, an investment holding company, operates a network of digital creators who create and upload content to social media platforms, such as Facebook, YouTube, Instagram, and TikTok. The company was founded in 2013 and is based in Kwun Tong, Hong Kong.