Anghami (NASDAQ:ANGH) Shares Set to Reverse Split on Monday, August 4th

Shares of Anghami Inc. (NASDAQ:ANGH) are set to reverse split on the morning of Monday, August 4th. The 1-10 reverse split was announced on Tuesday, July 29th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, August 1st.

Anghami Price Performance

NASDAQ:ANGH opened at $0.41 on Thursday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.21. The firm’s 50-day moving average price is $0.51 and its 200-day moving average price is $0.60. Anghami has a 1-year low of $0.40 and a 1-year high of $0.98.

Hedge Funds Weigh In On Anghami

An institutional investor recently raised its position in Anghami stock. Geode Capital Management LLC increased its stake in Anghami Inc. (NASDAQ:ANGH) by 70.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 36,499 shares of the company’s stock after buying an additional 15,145 shares during the period. Geode Capital Management LLC owned 0.12% of Anghami worth $29,000 as of its most recent filing with the Securities & Exchange Commission.

About Anghami

Anghami Inc operates a digital music entertainment technology platform in the Middle East and North Africa. It offers digital entertainment and online streaming services, including music, podcasts, music videos, and live events; and a music application and platform that provides Arabic and international music to stream and download.