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

SMX (Security Matters) Public Limited (NASDAQ:SMX)’s stock is set to reverse split on the morning of 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 closing bell on Monday, July 15th.

SMX (Security Matters) Public Stock Down 12.1 %

Shares of NASDAQ SMX traded down $0.01 during trading hours on Thursday, hitting $0.11. 8,017,619 shares of the company’s stock were exchanged, compared to its average volume of 7,297,948. The company’s 50-day moving average price is $0.14 and its 200-day moving average price is $0.24. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.04 and a quick ratio of 0.04. SMX has a 1-year low of $0.09 and a 1-year high of $5.39.

Hedge Funds Weigh In On SMX (Security Matters) Public

A hedge fund recently bought a new stake in SMX (Security Matters) Public stock. Virtu Financial LLC purchased a new position in shares of SMX (Security Matters) Public Limited (NASDAQ:SMX) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 303,942 shares of the company’s stock, valued at approximately $39,000. Virtu Financial LLC owned about 10.41% of SMX (Security Matters) Public at the end of the most recent reporting period. 15.74% of the stock is owned by hedge funds and other institutional investors.

About SMX (Security Matters) Public

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.