guardforce ai co ltd shares were down 19 to 1533 in midday trading monday as investment bank ef hutton maintained the securityservices company at buy the stock has more than doubled since the start of the year after a year of general decline and underperformance in 2022 with share prices down 23 over the last year the yeartodate jump comes after the aidriven company secured two longterm contracts in january for secured logistics services the company announced a 1for40 reverse stock split on feb 9 as part of a nasdaqcompliance plan the reverse stock split will cut the number of ordinary shares issued and outstanding to an estimated 16 million from 648 million and was answered with a decline in the stocks value