SINTX Technologies Inc (NASDAQ:SINT) shares are trading lower by 14% to $0.06 during Friday's session after the company on Thursday announced a 1-for-200 reverse stock split.

This action aims to meet Nasdaq's minimum bid price requirements. Every 200 existing shares will be consolidated into one share.

The reverse split does not change the total authorized shares or their par value and affects all shareholders uniformly, rounding up any fractional shares. This will reduce the outstanding shares from approximately 123 million to 0.6 million.

Should I Sell My SINT Stock?

Whether to sell or hold a stock largely depends on an investor's strategy and risk tolerance. Swing traders may sell an outperforming stock to lock in a capital gain, while long-term investors might ride out the turbulence in anticipation of further share price growth.

Similarly, traders willing to minimize losses may sell a stock that falls a certain percentage, while long-term investors may see this as an opportunity to buy more shares at a discounted price.

Investors may also consider market dynamics. The Relative Strength Index can be used to indicate whether a stock is overbought or oversold. SINTX Techs stock currently has an RSI of 50.71, indicating neutral conditions.

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SINT has a 52-week high of $1.82 and a 52-week low of $0.02.