Sacks Parente Golf Stock Set to Reverse Split on Tuesday, July 30th (NASDAQ:SPGC)

Shares of Sacks Parente Golf, Inc. (NASDAQ:SPGC) are going to reverse split before the market opens on Tuesday, July 30th. The 1-10 reverse split was announced on Tuesday, July 30th. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, July 30th.

Sacks Parente Golf Trading Up 3.3 %

Shares of SPGC opened at $0.50 on Friday. Sacks Parente Golf has a 12 month low of $0.36 and a 12 month high of $30.00. The firm’s 50 day moving average is $0.52 and its 200-day moving average is $0.57. The stock has a market capitalization of $7.26 million and a PE ratio of -1.34.

Sacks Parente Golf (NASDAQ:SPGC) last announced its quarterly earnings data on Tuesday, April 30th. The company reported ($0.08) earnings per share (EPS) for the quarter. The firm had revenue of $0.35 million during the quarter. Sacks Parente Golf had a negative net margin of 804.76% and a negative return on equity of 130.52%. Equities research analysts predict that Sacks Parente Golf will post -0.23 earnings per share for the current fiscal year.

Sacks Parente Golf Company Profile

Sacks Parente Golf, Inc, a technology-forward golf company, manufactures and sells golf products. The company provides putting instruments, golf shafts, golf grips, and other golf-related products. It also offers online custom fitting programs. The company sells its products through e-commerce, distributors, wholesale customers, including pro-shops at golf courses and off-course retailers, sporting goods retailers, online retailers, third-party distributors, and through Club Champion Golf, as well as through mass merchants and corporate customers in the Americas, Asia, and Europe.