Lucas GC Stock Set to Reverse Split on Tuesday, September 1st (NASDAQ:LGCL)

Lucas GC Limited (NASDAQ:LGCL) shares are scheduled to reverse split before the market opens on Tuesday, September 1st. The 1-125 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, August 31st.

Lucas GC Price Performance

Lucas GC stock traded down $0.01 during trading hours on Friday, reaching $0.04. The company had a trading volume of 299,528,219 shares, compared to its average volume of 12,403,166. Lucas GC has a 12-month low of $0.03 and a 12-month high of $21.20. The company has a 50-day moving average price of $1.15 and a 200 day moving average price of $1.56.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Lucas GC in a report on Friday, July 24th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Lucas GC presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Lucas GC stock. Boothbay Fund Management LLC acquired a new position in Lucas GC Limited (NASDAQ:LGCL) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 27,500 shares of the company’s stock, valued at approximately $29,000.

Lucas GC Company Profile

Lucas GC Limited, through its subsidiaries, provides online agent-centric human capital management services based on platform-as-a-service (PaaS) in the People’s Republic of China. Its Star Career and Columbus platforms enables registered users to receive customized job recommendations and work as talent scouts to source suitable candidates for its corporate customers through their social network, as well as receive trainings and other value-added services. The company’s platform provides permanent and flexible employment recruitment services; outsourcing services primarily for technology-related projects to design, develop, and deliver the projects within budget and on time with acceptable quality; information technology services to generate sales leads for its corporate customers; and training services comprising career-related certification programs.