Mobile-health Network Solutions (NASDAQ:MNDR) Shares Set to Reverse Split on Monday, June 22nd

Mobile-health Network Solutions (NASDAQ:MNDR)’s stock is scheduled to reverse split on Monday, June 22nd. The 1-6 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, June 21st.

Mobile-health Network Solutions Stock Down 2.9%

Mobile-health Network Solutions stock opened at $0.70 on Friday. Mobile-health Network Solutions has a 1-year low of $0.66 and a 1-year high of $7.95. The firm’s fifty day moving average price is $0.88 and its two-hundred day moving average price is $1.11.

Mobile-health Network Solutions (NASDAQ:MNDR) last released its quarterly earnings data on Thursday, March 12th. The company reported ($0.26) earnings per share for the quarter. The business had revenue of $1.97 million for the quarter.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Wall Street Zen raised shares of Mobile-health Network Solutions to a “hold” rating in a research note on Saturday, February 21st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Mobile-health Network Solutions in a research note on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Trading of Mobile-health Network Solutions

A hedge fund recently bought a new stake in Mobile-health Network Solutions stock. Yorkville Advisors Global LP bought a new stake in Mobile-health Network Solutions (NASDAQ:MNDR) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 28,000 shares of the company’s stock, valued at approximately $119,000. Mobile-health Network Solutions comprises approximately 0.0% of Yorkville Advisors Global LP’s investment portfolio, making the stock its 26th largest position. Yorkville Advisors Global LP owned about 2.98% of Mobile-health Network Solutions at the end of the most recent reporting period.

About Mobile-health Network Solutions

Mobile-health Network Solutions, an investment holding company, provides telehealth solutions in Singapore. The company operates in two segments, Telemedicine and Other Services, and Sale of Medicine and Medical Devices. It offers MaNaDr platform, a 360-degree healthcare ecosystem, which connects users and service providers through the range of healthcare services and product offerings that can be accessed through the mobile application and website. The company also provides a range of primary healthcare services, including general medical consultations, treatment and management of acute and chronic conditions in adults and children, vaccinations, and health screenings for work permit applications, as well as pre-employment health screening, children's health services, geriatric care services, and minor surgical procedures.