Mobile-health Network Solutions Stock to Reverse Split on Monday, June 29th (NASDAQ:MNDR)

Mobile-health Network Solutions (NASDAQ:MNDR) shares are scheduled to reverse split before the market opens on Monday, June 29th. The 1-6 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, June 28th.

Mobile-health Network Solutions Price Performance

MNDR stock opened at $0.61 on Friday. The stock’s 50 day simple moving average is $0.84 and its 200 day simple moving average is $0.98. Mobile-health Network Solutions has a fifty-two week low of $0.58 and a fifty-two week high of $7.50.

Wall Street Analyst Weigh In

MNDR has been the topic of a number of recent research reports. Weiss Ratings restated a “sell (e+)” rating on shares of Mobile-health Network Solutions in a report on Friday, March 27th. Wall Street Zen upgraded Mobile-health Network Solutions to a “hold” rating in a report on Saturday, February 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Hedge Funds Weigh In On Mobile-health Network Solutions

A hedge fund recently bought a new position in Mobile-health Network Solutions stock. HRT Financial LP bought a new stake in shares of Mobile-health Network Solutions (NASDAQ:MNDR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 31,452 shares of the company’s stock, valued at approximately $28,000. HRT Financial LP owned approximately 3.35% of Mobile-health Network Solutions as of its most recent SEC filing.

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.