Shares of IM Cannabis Corp. (NASDAQ:IMCC – Free Report) are scheduled to reverse split on Friday, July 12th. The 1-6 reverse split was announced on Friday, July 12th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, July 12th.
IM Cannabis Stock Down 5.4 %
Shares of NASDAQ IMCC opened at $0.34 on Wednesday. The company has a market cap of $4.50 million, a price-to-earnings ratio of -0.42 and a beta of 0.46. The company has a quick ratio of 0.40, a current ratio of 0.65 and a debt-to-equity ratio of 0.05. The firm’s fifty day moving average is $0.58 and its 200 day moving average is $0.47. IM Cannabis has a 52 week low of $0.19 and a 52 week high of $1.35.
IM Cannabis (NASDAQ:IMCC – Get Free Report) last released its quarterly earnings data on Wednesday, May 8th. The company reported ($0.16) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.16). The firm had revenue of $8.95 million for the quarter, compared to analysts’ expectations of $7.84 million. IM Cannabis had a negative net margin of 28.03% and a negative return on equity of 75.51%. On average, equities research analysts expect that IM Cannabis will post -0.72 earnings per share for the current year.
IM Cannabis Company Profile
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IM Cannabis Corp. engages in breeding, growing, and supply of medical cannabis products in Israel and Germany. It offers cannabis flowers and strain-specific cannabis extracts under the IMC brand; and dried flower, pre-rolls, minis, and full spectrum extracts offerings under the WAGNERS and BLKMKT brands.
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