Shares of American Virtual Cloud Technologies, Inc. (NASDAQ:AVCT – Get Rating) are scheduled to reverse split on the morning of Monday, October 3rd. The 1-15 reverse split was announced on Monday, October 3rd. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, October 3rd.

American Virtual Cloud Technologies Stock Performance

Shares of NASDAQ AVCT opened at $0.20 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.16 and a quick ratio of 1.16. American Virtual Cloud Technologies has a 12 month low of $0.13 and a 12 month high of $3.13. The stock has a 50-day moving average price of $0.21 and a two-hundred day moving average price of $0.43.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. ZWJ Investment Counsel Inc. acquired a new position in American Virtual Cloud Technologies during the fourth quarter worth about $25,000. Virtu Financial LLC acquired a new position in American Virtual Cloud Technologies during the first quarter worth about $36,000. XTX Topco Ltd raised its stake in American Virtual Cloud Technologies by 628.9% during the first quarter. XTX Topco Ltd now owns 113,717 shares of the company's stock worth $106,000 after acquiring an additional 98,116 shares in the last quarter. State Street Corp acquired a new position in shares of American Virtual Cloud Technologies in the first quarter valued at approximately $152,000. Finally, Bank of New York Mellon Corp increased its stake in shares of American Virtual Cloud Technologies by 34.5% in the first quarter. Bank of New York Mellon Corp now owns 321,656 shares of the company's stock valued at $301,000 after buying an additional 82,584 shares during the period.

About American Virtual Cloud Technologies

American Virtual Cloud Technologies, Inc, a pure-play cloud communications and collaboration company, provides cloud-based enterprise services worldwide. The company's Kandy cloud communications platform is a cloud-based, real-time communications platform, which offers proprietary unified communications as a service, communications platform as a service, contact center as a service, Microsoft Teams Direct Routing as a Service, and SIP Trunking as a Service capabilities.

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