Northann (NYSE:NCL) Shares Scheduled to Reverse Split on Tuesday, October 7th

Shares of Northann Corp. (NYSE:NCL) are scheduled to reverse split on Tuesday, October 7th. The 1-8 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, October 6th.

Northann Stock Down 8.2%

Shares of NYSE:NCL opened at $0.12 on Monday. Northann has a 52 week low of $0.12 and a 52 week high of $1.52. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.19 and a current ratio of 0.53. The company’s fifty day moving average is $0.16 and its 200-day moving average is $0.29. The company has a market capitalization of $11.90 million, a PE ratio of -0.62 and a beta of 0.09.

Institutional Investors Weigh In On Northann

An institutional investor recently bought a new position in Northann stock. Jane Street Group LLC bought a new stake in Northann Corp. (NYSE:NCL) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 277,227 shares of the company’s stock, valued at approximately $44,000. Jane Street Group LLC owned approximately 0.29% of Northann as of its most recent filing with the SEC. Institutional investors own 0.34% of the company’s stock.

About Northann

Northann Corp. engages in the manufacture, wholesale, and retail of the 3D printed vinyl flooring panels and other decorative panels in North America, Europe, and internationally. The company offers its products under the Benchwick brand name. Northann Corp. was founded in 2013 and is based in Elk Grove, California.