Smart for Life Stock Scheduled to Reverse Split on Monday, April 22nd (NASDAQ:SMFL)

Shares of Smart for Life, Inc. (NASDAQ:SMFL) are going to reverse split before the market opens on Monday, April 22nd. The 1-7 reverse split was announced on Monday, April 22nd. The number of shares owned by shareholders will be adjusted after the market closes on Monday, April 22nd.

Smart for Life Price Performance

Shares of Smart for Life stock opened at $0.48 on Friday. The company has a quick ratio of 0.04, a current ratio of 0.18 and a debt-to-equity ratio of 8.93. The company has a market cap of $384,800.00, a PE ratio of 0.00 and a beta of 0.86. The business has a 50 day moving average of $0.76 and a 200 day moving average of $1.36. Smart for Life has a 52 week low of $0.33 and a 52 week high of $68.31.

Hedge Funds Weigh In On Smart for Life

A hedge fund recently bought a new stake in Smart for Life stock. UBS Group AG bought a new stake in shares of Smart for Life, Inc. (NASDAQ:SMFL) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 25,629 shares of the company’s stock, valued at approximately $29,000. UBS Group AG owned approximately 0.12% of Smart for Life as of its most recent SEC filing. 28.39% of the stock is currently owned by institutional investors and hedge funds.

About Smart for Life

Smart for Life, Inc acquires, develops, manufactures, operates, markets, and sells nutraceutical and related products in the United States and internationally. It offers natural health and wellness meal replacement products, including nutrition bars, cookies, soups and shakes, vitamins, and supplements under the Smart for Life brand; dietary supplements; and nutritional products, including whey protein isolate powder, tablet supplements for joint health, nitric oxide, post workout blends, Omega-3 supplements, and pre-workout supplements under the Sports Illustrated Nutrition brand for athletes and active lifestyle consumers.