SANUWAVE Health Stock Set to Reverse Split on Friday, October 18th (OTCMKTS:SNWV)

SANUWAVE Health, Inc. (OTCMKTS:SNWV) shares are set to reverse split before the market opens on Friday, October 18th. The 1-375 reverse split was announced on Wednesday, October 16th. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, October 17th.

SANUWAVE Health Stock Performance

Shares of OTCMKTS:SNWV remained flat at $0.04 during trading on Wednesday. The company’s stock had a trading volume of 1,256,973 shares, compared to its average volume of 410,244. SANUWAVE Health has a 52-week low of $0.00 and a 52-week high of $0.04. The stock has a market capitalization of $44.03 million, a PE ratio of -3.73 and a beta of 1.20. The firm has a fifty day simple moving average of $0.02 and a two-hundred day simple moving average of $0.02.

SANUWAVE Health (OTCMKTS:SNWV) last released its earnings results on Monday, August 12th. The company reported $0.01 EPS for the quarter. SANUWAVE Health had a negative net margin of 13.79% and a negative return on equity of 23.83%. The firm had revenue of $7.16 million for the quarter.

About SANUWAVE Health

SANUWAVE Health, Inc, a shock wave technology company, researches, develops, and commercializes noninvasive, high-energy, and acoustic shock waves for regenerative medicine and other applications in the United States and internationally. Its shockwaves are used to produce a biological response resulting in the body healing itself through the repair and regeneration of tissue, musculoskeletal, and vascular structures.