Erayak Power Solution Group (NASDAQ:RAYA) Shares Set to Reverse Split on Monday, April 20th
by Jessica Moore · The Cerbat GemErayak Power Solution Group Inc. (NASDAQ:RAYA – Free Report) shares are scheduled to reverse split before the market opens on Monday, April 20th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, April 19th.
Erayak Power Solution Group Price Performance
RAYA traded down $0.09 during trading on Thursday, hitting $0.53. The company’s stock had a trading volume of 1,802,036 shares, compared to its average volume of 23,940,304. Erayak Power Solution Group has a twelve month low of $0.31 and a twelve month high of $737.00. The stock’s fifty day moving average price is $0.72 and its 200-day moving average price is $2.86.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Erayak Power Solution Group in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Erayak Power Solution Group currently has a consensus rating of “Sell”.
Check Out Our Latest Stock Report on RAYA
Hedge Funds Weigh In On Erayak Power Solution Group
An institutional investor recently bought a new position in Erayak Power Solution Group stock. Barclays PLC bought a new position in shares of Erayak Power Solution Group Inc. (NASDAQ:RAYA – Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 650,000 shares of the company’s stock, valued at approximately $2,658,000. Barclays PLC owned 73.03% of Erayak Power Solution Group as of its most recent SEC filing. 0.33% of the stock is currently owned by hedge funds and other institutional investors.
Erayak Power Solution Group Company Profile
Erayak Power Solution Group Co, Ltd. is a diversified provider of power electronics products and services, offering a broad portfolio that includes AC/DC power adapters, DC/DC converters, uninterruptible power supplies (UPS), power management modules and charger solutions. Through a combination of proprietary design, engineering services and contract manufacturing, the company supports applications in consumer electronics, industrial automation, telecommunications and renewable energy systems.
The company collaborates closely with OEM and ODM customers to develop customized power solutions that meet specific performance, size and efficiency requirements.