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

Shares of SANUWAVE Health, Inc. (OTCMKTS:SNWV) are scheduled to reverse split on the morning of 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 Price Performance

SNWV stock remained flat at $0.04 during mid-day trading on Wednesday. 1,256,973 shares of the company’s stock traded hands, compared to its average volume of 410,244. The stock has a market capitalization of $44.03 million, a price-to-earnings ratio of -3.73 and a beta of 1.20. SANUWAVE Health has a one year low of $0.00 and a one year high of $0.04. The firm’s 50-day simple moving average is $0.02 and its two-hundred day simple moving average is $0.02.

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

SANUWAVE Health Company Profile

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.