Powerbridge Technologies shares are trading lower following the company's 1-for-8 share consolidation.
Portfolio Pulse from Benzinga Newsdesk
Powerbridge Technologies has undergone a 1-for-8 share consolidation, leading to a decrease in its share price.
September 22, 2023 | 5:00 pm
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Powerbridge Technologies' share consolidation has resulted in a decrease in its share price.
The 1-for-8 share consolidation by Powerbridge Technologies has increased the nominal value of its shares but decreased the number of shares outstanding. This has led to a decrease in the share price as the market adjusts to the new share structure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100