My Size Stock Set to Reverse Split on Tuesday, April 23rd (NASDAQ:MYSZ)

Shares of My Size, Inc. (NASDAQ:MYSZ) are going to reverse split before the market opens on Tuesday, April 23rd. The 1-8 reverse split was announced on Tuesday, April 23rd. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, April 23rd.

My Size Stock Performance

Shares of MYSZ stock opened at $0.49 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.97 and a current ratio of 1.71. My Size has a 52 week low of $0.36 and a 52 week high of $2.74. The company has a market capitalization of $1.76 million, a P/E ratio of -0.11 and a beta of 1.01. The company’s 50 day moving average price is $0.44 and its two-hundred day moving average price is $0.58.

Hedge Funds Weigh In On My Size

An institutional investor recently raised its position in My Size stock. Armistice Capital LLC boosted its stake in My Size, Inc. (NASDAQ:MYSZ) by 78.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 315,000 shares of the company’s stock after acquiring an additional 138,000 shares during the period. Armistice Capital LLC owned 8.70% of My Size worth $213,000 at the end of the most recent quarter. 27.71% of the stock is owned by institutional investors and hedge funds.

My Size Company Profile

My Size, Inc, an omnichannel e-commerce platform, provides AI-driven apparel sizing and digital solutions for online shopping and physical stores in Israel. The company operates through three segments: Fashion and Equipment E-Commerce Platform; SaaS Solutions; and Naiz. It offers MySizeID, an application that enables consumers to create an online profile of their personal measurements to get the right fit; BoxSize, a parcel measurement application that allows consumers to measure the size of their parcel with their smartphone, calculate shipping costs, and arrange for a convenient pick-up time for the package; and SizeUp, a digital tape measure that allows users to measure length, width, and height of a surface by moving their smartphone from point to point of an object or space.