Urgent.ly (NASDAQ:ULY) Shares Scheduled to Reverse Split on Tuesday, March 18th

Urgent.ly Inc. (NASDAQ:ULY)’s stock is going to reverse split on the morning of Tuesday, March 18th. The 1-12 reverse split was announced on Thursday, March 13th. The number of shares owned by shareholders will be adjusted after the market closes on Monday, March 17th.

Urgent.ly Stock Down 40.3 %

NASDAQ ULY opened at $0.30 on Friday. The company has a market capitalization of $4.10 million, a P/E ratio of 0.03 and a beta of 0.85. Urgent.ly has a 12-month low of $0.25 and a 12-month high of $3.31. The firm has a 50-day moving average price of $0.51 and a two-hundred day moving average price of $0.61.

Urgent.ly (NASDAQ:ULY) last released its quarterly earnings data on Wednesday, March 12th. The company reported ($0.65) earnings per share (EPS) for the quarter. The company had revenue of $32.03 million for the quarter.

Hedge Funds Weigh In On Urgent.ly

A hedge fund recently bought a new stake in Urgent.ly stock. Toronto Dominion Bank bought a new position in shares of Urgent.ly Inc. (NASDAQ:ULY) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 165,750 shares of the company’s stock, valued at approximately $85,000. Toronto Dominion Bank owned approximately 1.23% of Urgent.ly as of its most recent SEC filing. Hedge funds and other institutional investors own 28.30% of the company’s stock.

About Urgent.ly

Urgent.ly Inc offers mobility assistance software platform for roadside assistance in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its services include car lockout, tire changes, towing, stuck in ditch and winch services, motorcycle towing, electric vehicle towing, jump start, and gas delivery.