UTime Stock Scheduled to Reverse Split on Monday, June 22nd (NASDAQ:WTO)

UTime Limited (NASDAQ:WTOFree Report)’s stock is set to reverse split before the market opens on Monday, June 22nd. The 1-10 reverse split was announced on Wednesday, June 17th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, June 19th.

UTime Trading Down 23.8%

NASDAQ WTO opened at $0.71 on Thursday. UTime has a twelve month low of $0.61 and a twelve month high of $770.00. The firm’s 50 day moving average price is $1.48 and its two-hundred day moving average price is $2.85.

UTime (NASDAQ:WTOGet Free Report) last posted its quarterly earnings data on Wednesday, March 18th. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $6.99 million for the quarter.

UTime Company Profile

(Get Free Report)

UTime Limited, together with its subsidiaries, designs, develops, manufactures, sells, and operates mobile phones, accessories, and related consumer electronics. The company offers consumer electronics, such as power banks, bluetooth speakers, batteries, chargers, cell phone parts, molds, and shells. It provides electronics manufacturing services, including original equipment manufacturer and original design manufacturer services. It sells its products under the UTime and Do brand names in South America, South Asia, Southeast Asia, and Africa.

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