ALPS Group Inc Ordinary Share (NASDAQ:ALPS) Shares Set to Reverse Split on Monday, November 9th

Key Points

• ALPS Group Inc. will execute a 1-for-5 reverse stock split before trading begins Monday, November 9, with shareholder positions adjusted after the market closes Sunday, November 8.
• The stock recently traded at $0.32, with a market capitalization of approximately $54 million, and remains near the lower end of its 12-month range of $0.23 to $1.75.
• Analyst sentiment is negative: Weiss Ratings reaffirmed a “sell (e+)” rating, and the company has a consensus “Sell” rating. Institutional investors own 27.9% of the stock, while SkyView Investment Advisors increased its position by 1,000% in the second quarter.

Shares of ALPS Group Inc Ordinary Share (NASDAQ:ALPS - Free Report) are scheduled to reverse split on the morning of Monday, November 9th. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, November 8th.

ALPS Group Inc Ordinary Share Stock Performance

ALPS traded down $0.00 on Monday, hitting $0.32. The company had a trading volume of 89,848 shares, compared to its average volume of 65,188. The stock has a market capitalization of $53.96 million, a price-to-earnings ratio of 1.25 and a beta of -0.08. ALPS Group Inc Ordinary Share has a 12-month low of $0.23 and a 12-month high of $1.75. The stock has a fifty day moving average price of $0.37 and a 200-day moving average price of $0.56.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of ALPS Group Inc Ordinary Share in a report on Friday, October 2nd. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has a consensus rating of "Sell".

Institutional Inflows and Outflows

A hedge fund recently raised its position in ALPS Group Inc Ordinary Share stock. SkyView Investment Advisors LLC lifted its position in shares of ALPS Group Inc Ordinary Share (NASDAQ:ALPS - Free Report) by 1,000.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 110,000 shares of the company's stock after purchasing an additional 100,000 shares during the period. SkyView Investment Advisors LLC owned about 0.07% of ALPS Group Inc Ordinary Share worth $64,000 at the end of the most recent reporting period. Institutional investors own 27.90% of the company's stock.

About ALPS Group Inc Ordinary Share

ALPS Group Inc is a fully integrated platform encompassing biotechnology research, medical, and wellness services specializing in predictive, precision and preventive health management. It aims to provide its clientele with access to DNA and mRNA sequencing, cellular therapy, as well as wellness and anti-aging products and services.

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