Shares of China SXT Pharmaceuticals, Inc. (NASDAQ:SXTC – Free Report) are scheduled to reverse split on Monday, October 26th. The 1-100 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, October 25th.
China SXT Pharmaceuticals Stock Down 34.2%
SXTC stock traded down $0.03 during midday trading on Thursday, hitting $0.05. 55,565,881 shares of the company’s stock were exchanged, compared to its average volume of 60,694,356. The business has a 50-day simple moving average of $2.22 and a two-hundred day simple moving average of $89.02. China SXT Pharmaceuticals has a 1-year low of $0.05 and a 1-year high of $83,758.80. The company has a debt-to-equity ratio of 0.02, a current ratio of 7.94 and a quick ratio of 7.76.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on SXTC shares. Weiss Ratings raised shares of China SXT Pharmaceuticals from a “sell (e)” rating to a “sell (e+)” rating in a report on Wednesday. Wall Street Zen upgraded shares of China SXT Pharmaceuticals to a “sell” rating in a report on Saturday, August 22nd. One analyst has rated the stock with a Sell rating. According to MarketBeat, China SXT Pharmaceuticals has an average rating of “Sell”.
Get Our Latest Stock Analysis on China SXT Pharmaceuticals
China SXT Pharmaceuticals Company Profile
China SXT Pharmaceuticals, Inc (NASDAQ: SXTC) is a pharmaceutical company based in Taizhou, Jiangsu Province, China. The company develops, manufactures and sells traditional Chinese medicine products, serving customers primarily in the Chinese market.
Its product portfolio includes prescription and over-the-counter traditional Chinese medicines, as well as health-related products and dietary supplements. The company’s operations encompass the preparation of herbal ingredients and the production, marketing and distribution of finished traditional Chinese medicine products.
China SXT Pharmaceuticals was established in 2005 and completed its initial public offering on the Nasdaq Capital Market in 2019.
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