Wearable Devices (NASDAQ:WLDS) Shares to Reverse Split on Monday, March 17th

Shares of Wearable Devices Ltd. (NASDAQ:WLDS) are set to reverse split on Monday, March 17th. The 1-4 reverse split was announced on Thursday, March 13th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, March 14th.

Wearable Devices Price Performance

NASDAQ:WLDS traded down $0.13 during trading hours on Thursday, hitting $0.49. 178,058 shares of the company were exchanged, compared to its average volume of 329,615. The company has a quick ratio of 1.00, a current ratio of 1.34 and a debt-to-equity ratio of 0.08. Wearable Devices has a one year low of $0.49 and a one year high of $16.00. The company has a fifty day simple moving average of $1.11 and a 200 day simple moving average of $2.74.

About Wearable Devices

Wearable Devices Ltd. engages in the development of a non-invasive neural input interface for controlling digital devices using subtle touchless finger movements. The company offers Mudra development kits that enable users to control digital devices, including consumer electronics, smart watches, smartphones, AR glasses, VR headsets, televisions, personal computers and laptop computers, drones, robots, and others through finger movements and hand gestures; and SNC sensor module, an operating system (OS) software package and algorithm package to customers.