PMI (NYSEAMERICAN:PMI) Shares Scheduled to Reverse Split on Monday, August 3rd

PMI (NYSEAMERICAN:PMI)’s stock is going to reverse split before the market opens on Monday, August 3rd. The 1-50 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, August 2nd.

PMI Price Performance

Shares of PMI opened at $4.39 on Friday. PMI has a 12 month low of $0.09 and a 12 month high of $13.68. The firm has a 50 day simple moving average of $0.17. The company has a current ratio of 0.75, a quick ratio of 0.16 and a debt-to-equity ratio of 0.01.

PMI (NYSEAMERICAN:PMI) last posted its quarterly earnings data on Friday, May 15th. The company reported ($0.10) EPS for the quarter. The firm had revenue of $1.15 million during the quarter. On average, analysts forecast that PMI will post -0.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Zacks Research upgraded shares of PMI to a “hold” rating in a research report on Tuesday, May 19th. HC Wainwright reissued a “neutral” rating on shares of PMI in a research note on Wednesday, June 3rd. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

About PMI

Picard Medical Inc is a medical technology company which manufactures and sells the only total artificial heart. Picard Medical Inc is based in TUCSON, Ariz.