Molecular Data (NASDAQ:MKD) Shares Scheduled to Reverse Split on Monday, May 23rd

Molecular Data Inc. (NASDAQ:MKDGet Rating) shares are going to reverse split on the morning of Monday, May 23rd. The 1-15 reverse split was announced on Monday, May 23rd. The number of shares owned by shareholders will be adjusted after the market closes on Monday, May 23rd.

Molecular Data stock traded down $0.04 during trading hours on Thursday, hitting $0.10. The company had a trading volume of 58,977,904 shares, compared to its average volume of 13,604,951. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 0.29. Molecular Data has a one year low of $0.07 and a one year high of $1.05. The firm has a 50-day moving average of $0.16 and a 200 day moving average of $0.20.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Virtu Financial LLC bought a new position in shares of Molecular Data during the first quarter worth approximately $63,000. GSA Capital Partners LLP bought a new position in shares of Molecular Data during the fourth quarter worth approximately $141,000. Geode Capital Management LLC increased its holdings in shares of Molecular Data by 1,133.8% during the fourth quarter. Geode Capital Management LLC now owns 333,326 shares of the company’s stock worth $72,000 after purchasing an additional 306,309 shares during the period. Renaissance Technologies LLC bought a new position in shares of Molecular Data during the fourth quarter worth approximately $241,000. Finally, Hudson Bay Capital Management LP bought a new position in Molecular Data in the third quarter valued at approximately $523,000. 42.94% of the stock is currently owned by institutional investors.

Molecular Data Company Profile (Get Rating)

Molecular Data Inc, through its subsidiaries, operates in the chemical e-commerce business in the People's Republic of China. The company operates technology-driven platform that connects participants along the chemical value chain through its integrated solutions. It delivers e-commerce solutions, financial solutions, warehousing and logistics solutions, and software-as-a-service suites for participants in the traditional chemical industry.

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