Notable News Spotlight: Aethlon Medical (NASDAQ:AEMD)

Notable News Spotlight: Aethlon Medical (NASDAQ:AEMD)

Aethlon Medical (NASDAQ:AEMD) spotted trading -84.76% off 52-week high price. On the other end, the stock has been noted 30.96% away from the low price over the last 52-weeks. The stock changed 2.00% to recent value of $0.27. The stock transacted 106476 shares during most recent day however it has an average volume of 181.37K shares. The company has 20M of outstanding shares and 19M shares were floated in the market.

On Oct. 14, 2019, Aethlon Medical (NASDAQ:AEMD) a therapeutic medical device and technology company focused on unmet needs in global health, disclosed that at the annual meeting of stockholders of the Company, held October 14, 2019, its stockholders voted to approve a proposal authorizing the Board of Directors of the Company to effect a reverse stock split of Aethlon’s outstanding common stock. Following the special meeting of stockholders, the Board of Directors approved a 1-for-15 reverse stock split.

The effective time of the reverse stock split will be 5:00 p.m. ET on October 14, 2019. The Company’s shares will begin trading on a split-adjusted basis commencing upon market opening on October 15, 2019.

By approving the reverse split, Aethlon’s stockholders affirmatively responded to management’s pledge to continue to maintain capital efficiency as Aethlon seeks to unlock the value of the Hemopurifier and its other assets, said Timothy C. Rodell, M.D., FCCP, Interim Chief Executive Officer of Aethlon. And consequently, Aethlon has taken a crucial step in preserving its NASDAQ listing and access to equity capital.

Its earnings per share (EPS) expected to touch remained 25.90% for this year.

According to the most recent quarter its current ratio was 1.5 that represents company’s ability to meet its current financial obligations. The price moved ahead of 1.67% from the mean of 20 days, -0.12% from mean of 50 days SMA and performed -59.96% from mean of 200 days price. Company’s performance for the week was -3.56%, 0.57% for month and YTD performance remained -84.02%.

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Jeffery Knight

Jeffery Knight earned bachelor degree from College with a focus in Business Administration. He is the Senior Editor for Surveypaid.info and Financial section. He also holds an MBA from Michigan State University He has one daughter and one son. Jeffery joined the Surveypaid.info, after more than 15 years of experience in writing financial and business news, most recently as Investment Editor and writer. He also has a vast knowledge of stock trading. Address: 44069 Wayne Street, Dowagiac, Michigan (MI) 49047, USA Phone Number: 701-271-5710 Email: Jeffery@surveypaid.info 

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