Focus Universal (NASDAQ:FCUV) Stock Set to Reverse Split on Tuesday, June 23rd

Shares of Focus Universal, Inc. (NASDAQ:FCUV) are set to reverse split on the morning of Tuesday, June 23rd. The 1-4 reverse split was announced on Thursday, June 18th. The number of shares owned by shareholders will be adjusted after the market closes on Monday, June 22nd.

Focus Universal Price Performance

NASDAQ FCUV opened at $0.58 on Friday. The stock has a market capitalization of $1.64 million, a P/E ratio of -0.11 and a beta of -0.41. The firm’s 50-day moving average is $1.26 and its two-hundred day moving average is $7.55. Focus Universal has a 12 month low of $0.53 and a 12 month high of $52.50.

Focus Universal (NASDAQ:FCUV) last announced its earnings results on Thursday, May 14th. The company reported ($1.48) earnings per share for the quarter, missing the consensus estimate of ($1.33) by ($0.15). Focus Universal had a negative return on equity of 357.95% and a negative net margin of 4,243.03%.The company had revenue of $0.05 million for the quarter, compared to analysts’ expectations of $0.40 million.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Focus Universal in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Focus Universal Company Profile

Focus Universal Inc develops and manufactures smart instrumentation platform and device. It offers Ubiquitor, a wireless sensor device with a universal sensor node and gateway system that uses a computer or mobile device as the output display module that displays the readings of various sensor nodes. The company's universal smart instrumentation platform (USIP) utilizes mobile devices or computers to communicate with smart devices, such as sensors, instruments, probes, and controllers to monitor and control any functions.