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

Anghami Inc. (NASDAQ:ANGH)’s stock is scheduled 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 Stock Down 24.9%

Shares of Anghami stock opened at $0.41 on Thursday. The stock has a 50-day moving average price of $0.51 and a 200 day moving average price of $0.60. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.60 and a quick ratio of 0.60. Anghami has a 1 year low of $0.40 and a 1 year high of $0.98.

Institutional Investors Weigh In On Anghami

An institutional investor recently raised its position in Anghami stock. Geode Capital Management LLC raised its position in shares of Anghami Inc. (NASDAQ:ANGH) by 70.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,499 shares of the company’s stock after purchasing 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 SEC filing.

Anghami Company Profile

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.