SANUWAVE Health (OTCMKTS:SNWV) Shares Set to Reverse Split on Friday, October 18th

Shares of SANUWAVE Health, Inc. (OTCMKTS:SNWV) are set to reverse split before the market opens on Friday, October 18th. The 1-375 reverse split was announced on Wednesday, October 16th. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, October 17th.

SANUWAVE Health Trading Up 7.8 %

Shares of OTCMKTS:SNWV traded up $0.00 during mid-day trading on Wednesday, hitting $0.04. 1,256,973 shares of the company traded hands, compared to its average volume of 410,244. The stock has a 50-day moving average price of $0.02 and a two-hundred day moving average price of $0.02. SANUWAVE Health has a 12-month low of $0.00 and a 12-month high of $0.04. The stock has a market cap of $44.06 million, a P/E ratio of -3.46 and a beta of 1.20.

SANUWAVE Health (OTCMKTS:SNWV) last posted its earnings results on Monday, August 12th. The company reported $0.01 earnings per share (EPS) for the quarter. SANUWAVE Health had a negative net margin of 13.79% and a negative return on equity of 23.83%. The firm had revenue of $7.16 million during the quarter.

About SANUWAVE Health

SANUWAVE Health, Inc, a shock wave technology company, researches, develops, and commercializes noninvasive, high-energy, and acoustic shock waves for regenerative medicine and other applications in the United States and internationally. Its shockwaves are used to produce a biological response resulting in the body healing itself through the repair and regeneration of tissue, musculoskeletal, and vascular structures.