Lichen International (NASDAQ:LICN – Get Free Report) posted its quarterly earnings data on Wednesday. The company reported ($0.36) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $5.13 million during the quarter.
Lichen International Price Performance
NASDAQ LICN opened at $1.02 on Thursday. The stock’s fifty day moving average price is $1.15 and its 200 day moving average price is $2.55. Lichen International has a 1 year low of $0.70 and a 1 year high of $9.49.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on LICN. Wall Street Zen raised Lichen International from a “strong sell” rating to a “sell” rating in a research report on Saturday, July 4th. Weiss Ratings reissued a “sell (e+)” rating on shares of Lichen International in a report on Monday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Lichen International presently has an average rating of “Sell”.
Lichen International Company Profile
Lichen International, also known as Lichen China Limited, is a China-based provider of financial and tax-related services. Through its operating subsidiaries, the company primarily serves small and medium-sized enterprises with accounting, tax compliance, and financial advisory support.
The company’s services include agency bookkeeping, preparation and filing of tax returns, financial and taxation consulting, and assistance with business and management matters. Lichen also offers training and related software or technology solutions designed to help businesses manage accounting and tax functions.
Lichen is headquartered in China and focuses its operations on the domestic Chinese market.
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