Energy Focus tumbles on reverse stock split plans

Energy Focus

16/06/2023 16:18

** Shares of construction supplier firm Energy Focus
 EFOI.O  down 20% at 29 cents
    ** Stock hits lowest in more than five months 
    ** Co announces 1-for-7 reverse stock split of its common
stock
    ** Shares will begin trading on a split-adjusted basis on
June 20
    ** Co has ~19.24 mln shares outstanding - Refinitiv
    ** Including session losses, shares down 1.6% YTD

 (Reporting by Tanay Dhumal in Bengaluru)
 ((Tanay.Dhumal@thomsonreuters.com; 
Twitter: https://twitter.com/TanayDhumal))