SMX (Security Matters) Public (NASDAQ:SMX) Shares Set to Reverse Split on Monday, July 15th

SMX (Security Matters) Public Limited (NASDAQ:SMX)’s stock is set to reverse split on Monday, July 15th. The 1-75 reverse split was announced on Monday, July 15th. The number of shares owned by shareholders will be adjusted after the market closes on Monday, July 15th.

SMX (Security Matters) Public Stock Down 12.1 %

SMX traded down $0.01 during trading on Thursday, hitting $0.11. The company had a trading volume of 8,017,619 shares, compared to its average volume of 7,297,948. SMX has a one year low of $0.09 and a one year high of $5.39. The firm’s 50-day moving average price is $0.14 and its 200 day moving average price is $0.24. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.03.

Institutional Investors Weigh In On SMX (Security Matters) Public

An institutional investor recently bought a new position in SMX (Security Matters) Public stock. Virtu Financial LLC acquired a new stake in SMX (Security Matters) Public Limited (NASDAQ:SMX) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 303,942 shares of the company’s stock, valued at approximately $39,000. Virtu Financial LLC owned approximately 10.41% of SMX (Security Matters) Public at the end of the most recent quarter. Hedge funds and other institutional investors own 15.74% of the company’s stock.

SMX (Security Matters) Public Company Profile

SMX (Security Matters) Public Limited Company, through its subsidiaries, engages in the development and commercialization of track and trace technologies for various industries. It owns and commercializes technology to mark various objects, such as solid, liquid, or gas allowing identification, circularity, proof of authenticity, tracking supply chain movements, and quality assurance.