Smart for Life Stock to Reverse Split on Monday, April 22nd (NASDAQ:SMFL)

Smart for Life, Inc. (NASDAQ:SMFL) shares are going to reverse split before the market opens on Monday, April 22nd. The 1-7 reverse split was announced on Monday, April 22nd. The number of shares owned by shareholders will be adjusted after the market closes on Monday, April 22nd.

Smart for Life Stock Up 4.0 %

Smart for Life stock opened at $0.48 on Friday. The stock has a market capitalization of $384,800.00, a PE ratio of 0.00 and a beta of 0.86. Smart for Life has a twelve month low of $0.33 and a twelve month high of $68.31. The company has a quick ratio of 0.04, a current ratio of 0.18 and a debt-to-equity ratio of 8.93. The company has a 50 day moving average of $0.76 and a 200-day moving average of $1.36.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Smart for Life stock. UBS Group AG acquired a new position in Smart for Life, Inc. (NASDAQ:SMFL) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 25,629 shares of the company’s stock, valued at approximately $29,000. UBS Group AG owned approximately 0.12% of Smart for Life as of its most recent SEC filing. Institutional investors and hedge funds own 28.39% of the company’s stock.

About Smart for Life

Smart for Life, Inc acquires, develops, manufactures, operates, markets, and sells nutraceutical and related products in the United States and internationally. It offers natural health and wellness meal replacement products, including nutrition bars, cookies, soups and shakes, vitamins, and supplements under the Smart for Life brand; dietary supplements; and nutritional products, including whey protein isolate powder, tablet supplements for joint health, nitric oxide, post workout blends, Omega-3 supplements, and pre-workout supplements under the Sports Illustrated Nutrition brand for athletes and active lifestyle consumers.