The Greece-based ship-owning company effected a … Seanergy Maritime (SHIP -32.3%) says it will proceed with a 1-for-16 reverse stock split expected to be effective on June 30, even though the Nasdaq granted an … Most likely, shares were sent tumbling when SHIP announced a plan to go ahead with a 1-for-16 reverse stock split, in order to comply with Nasdaq listing regulations. A reverse stock split results in an increase in the price per share. A stock split, on the other hand, is when a company increases the number of shares outstanding by splitting … The … The first split for SHIP took place on January 08, 2016. SHIP Stock Summary With a market capitalization of $4,250,208, Seanergy Maritime Holdings Corp has a greater market value than merely 1.49% of US stocks.
A reverse stock split is a type of corporate action which consolidates the number of existing shares of stock into fewer, proportionally more valuable, shares. For prior years see … TOP Ships Inc. shares TOPS, +9.38% fell 5.3% to $6.59, but this was after the price was adjusted following another reverse stock split. With a price/sales ratio of 0.05, Seanergy Maritime Holdings Corp has a higher such ratio than just 1.86% of stocks in our set. A list of recent reverse stock splits completed in 2019 and 2020. For example, a 1000 share position pre-split, became a 200 share position following the split. This was a 1 for 5 reverse split, meaning for each 5 shares of SHIP owned pre-split, the shareholder now owned 1 share. SHIP's second split …
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