Multi Ways is a leading supplier of a wide range of heavy construction equipment for sales and rental. In February 2026, the company implemented a 1-for-10 reverse share split intended to increase the market price per share to maintain its NYSE American listing.
Cyborg Score Rationale
The reverse split was necessary to increase per-share trading price to maintain NYSE American listing standards. The stock has traded at substantially depressed levels, with recent prices in the $1-2 range down from the $2.50 IPO price in April 2023, reflecting significant market challenges and investor concern.
Top Insights
February 2026 reverse split (1-for-10) implemented to maintain NYSE American listing compliance
Operates across Singapore, Canada, Australia, and international markets
Limited institutional ownership with only 7 institutional shareholders holding approximately 218,838 shares total
Stock price has declined ~95% from $2.50 IPO price (April 2023) to sub-$2 range as of mid-2026
Named Competitors
United Rentals — Large-scale equipment rental across North America and Europe
H&E Equipment Services — Regional heavy equipment rental in western North America