iSun (NASDAQ:ISUN) Shares Scheduled to Reverse Split on Friday, April 26th

Shares of iSun, Inc. (NASDAQ:ISUN) are set to reverse split on the morning of Friday, April 26th. The 1-20 reverse split was announced on Friday, April 26th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, April 26th.

iSun Price Performance

Shares of iSun stock traded down $0.05 during trading on Wednesday, hitting $0.09. 9,588,639 shares of the company’s stock traded hands, compared to its average volume of 616,955. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.89 and a quick ratio of 0.85. The firm’s fifty day moving average price is $0.20 and its 200 day moving average price is $0.21. iSun has a twelve month low of $0.06 and a twelve month high of $0.75. The company has a market cap of $4.45 million, a PE ratio of -0.12 and a beta of 1.10.

Institutional Trading of iSun

An institutional investor recently raised its position in iSun stock. Commonwealth Equity Services LLC increased its holdings in shares of iSun, Inc. (NASDAQ:ISUN) by 442.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 551,600 shares of the company’s stock after acquiring an additional 450,000 shares during the period. Commonwealth Equity Services LLC owned about 1.67% of iSun worth $124,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 11.80% of the company’s stock.

iSun Company Profile

iSun, Inc, a solar energy company, provides design, development, engineering, procurement, installation, storage, and electric vehicle infrastructure services for residential, commercial, industrial, and utility customers in the United States. It also provides electrical contracting services; and data and communication services.