Quotient down on reverse stock split plan

Quotient

03/11/2022 10:15

** Shares of diagnostics co Quotient Ltd  QTNT.O  down 18.1%
at $2.08 in premarket trading
    ** QTNT on Wednesday announced 1-for-40 reverse stock split
of its ordinary shares 
    ** Co's shares will begin trading on a split-adjusted basis
when market opens on Nov. 3
    ** Reverse stock split is intended to bring co into
compliance with minimum bid price requirement for maintaining
its listing on the Nasdaq Global Market - QTNT
    ** As of last close, stock fell ~100% this year
 (Reporting by Tiyashi Datta in Bengaluru)
 ((tiyashi.datta@thomsonreuters.com))