Top Wealth Group (NASDAQ:TWG) Stock to Reverse Split on Monday, October 26th

by · The Cerbat Gem

Shares of Top Wealth Group Holding Limited (NASDAQ:TWG – Free Report) are going to reverse split on Monday, October 26th. The 1-100 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, October 25th.

Top Wealth Group Trading Down 30.1%

Shares of Top Wealth Group stock traded down $0.02 during trading hours on Thursday, hitting $0.05. The company had a trading volume of 11,789,664 shares, compared to its average volume of 3,303,189. The company’s 50-day moving average is $0.35 and its two-hundred day moving average is $1.87. Top Wealth Group has a twelve month low of $0.04 and a twelve month high of $26.36.

Top Wealth Group (NASDAQ:TWG – Get Free Report) last announced its quarterly earnings results on Wednesday, August 19th. The company reported $0.06 earnings per share for the quarter. The company had revenue of $3.07 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Top Wealth Group in a research report on Friday, August 21st. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

View Our Latest Stock Analysis on TWG

Top Wealth Group Company Profile

(Get Free Report)

Top Wealth Group Holding Limited is a Hong Kong-based company focused on the distribution of premium cigars and related tobacco products. Through its operating subsidiaries, the company serves customers in Hong Kong and works with suppliers and business partners in the premium cigar market.

Its product offering includes well-known Cuban cigar brands such as Cohiba, Montecristo, Partagás, Romeo y Julieta, H. Upmann and Trinidad. The company distributes cigars through business-to-business channels, including retailers and other commercial customers, catering primarily to the premium and luxury tobacco segment.

Top Wealth Group Holding Limited is incorporated in the Cayman Islands and operates principally through its Hong Kong business.

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