Shares of PMGC Holdings Inc. (NASDAQ:ELAB – Free Report) are set to reverse split on the morning of Tuesday, September 2nd. The 2-7 reverse split was announced on Thursday, August 28th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, August 29th.
PMGC Trading Down 6.0%
PMGC stock opened at $1.87 on Friday. PMGC has a 1 year low of $1.76 and a 1 year high of $526.40. The company has a market cap of $2.77 million, a PE ratio of 0.00 and a beta of 0.17. The company’s 50-day moving average is $2.14 and its two-hundred day moving average is $3.66.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen upgraded PMGC from a “sell” rating to a “hold” rating in a research report on Thursday, May 22nd.
PMGC Company Profile
Elevai Labs, Inc, a skincare development company, designs, manufactures, and markets skincare products. Its products include Empower and Enfinity post-skincare procedure care serums for the face, neck, and upper chest regions. The company was formerly known as Reactive Medical Labs Inc and changed its name to Elevai Labs, Inc in December 2021.
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