Lianhe Sowell International Group Ltd (NASDAQ:LHSW – Free Report) shares are scheduled to reverse split on the morning of Monday, October 26th. The 1-8 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, October 25th.
Lianhe Sowell International Group Stock Down 32.8%
LHSW traded down $0.34 during midday trading on Thursday, hitting $0.69. The company’s stock had a trading volume of 2,088,847 shares, compared to its average volume of 3,789,202. The company has a quick ratio of 1.04, a current ratio of 1.07 and a debt-to-equity ratio of 0.05. The firm has a 50-day moving average price of $1.59 and a two-hundred day moving average price of $2.44. Lianhe Sowell International Group has a 52-week low of $0.38 and a 52-week high of $36.00.
Lianhe Sowell International Group (NASDAQ:LHSW – Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.79) earnings per share for the quarter. The firm had revenue of $8.37 million for the quarter.
Analysts Set New Price Targets
LHSW has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of Lianhe Sowell International Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. Weiss Ratings reissued a “sell (d)” rating on shares of Lianhe Sowell International Group in a research note on Friday, August 14th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Lianhe Sowell International Group has an average rating of “Sell”.
Get Our Latest Research Report on LHSW
About Lianhe Sowell International Group
Lianhe Sowell International Group Limited is an industrial automation and intelligent manufacturing company based in China. Through its operating subsidiaries, the company provides automation equipment, production-line integration and related engineering solutions designed to help manufacturers improve production efficiency and process control.
Its offerings include customized manufacturing systems and equipment, industrial automation technologies, and software or control solutions used in automated production environments.
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