Lianhe Sowell International Group Stock Set to Reverse Split on Monday, June 22nd (NASDAQ:LHSW)

Shares of Lianhe Sowell International Group Ltd (NASDAQ:LHSW) are going to reverse split on the morning of Monday, June 22nd. The 1-16 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.

Lianhe Sowell International Group Price Performance

Shares of NASDAQ LHSW opened at $0.12 on Thursday. The firm’s 50-day moving average price is $0.20 and its two-hundred day moving average price is $0.40. Lianhe Sowell International Group has a 52-week low of $0.07 and a 52-week high of $3.14.

Lianhe Sowell International Group (NASDAQ:LHSW) last issued its earnings results on Friday, March 27th. The company reported $0.00 earnings per share (EPS) for the quarter. The business had revenue of $13.27 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Lianhe Sowell International Group from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Lianhe Sowell International Group

An institutional investor recently bought a new position in Lianhe Sowell International Group stock. Marex Group plc purchased a new stake in Lianhe Sowell International Group Ltd (NASDAQ:LHSW) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 33,815 shares of the company’s stock, valued at approximately $57,000. Marex Group plc owned 0.07% of Lianhe Sowell International Group at the end of the most recent quarter.

Lianhe Sowell International Group Company Profile

Lianhe Sowell International Group Ltd. is a holding company, which engages in trading of electronic products and software development. Its products include Intelligent traffic, low voltage Intelligent Integration, Industrial Intelligence, Industrial machine vision, and precision visual Al painting robot. The company was founded by Yue Zhu on April 6, 2007 and is headquartered in Shenzhen, China.