Lianhe Sowell International Group (NASDAQ:LHSW) Shares Set to Reverse Split on Monday, October 26th

Lianhe Sowell International Group Ltd (NASDAQ:LHSW)’s stock is scheduled to reverse split before the market opens on Monday, October 26th. The 1-8 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, October 25th.

Lianhe Sowell International Group Trading Down 32.8%

Lianhe Sowell International Group stock traded down $0.34 during trading hours on Thursday, hitting $0.69. The company 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. Lianhe Sowell International Group has a fifty-two week low of $0.38 and a fifty-two week high of $36.00. The firm’s fifty day moving average is $1.59 and its 200-day moving average is $2.44.

Lianhe Sowell International Group (NASDAQ:LHSW) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.79) earnings per share for the quarter. The company had revenue of $8.37 million for the quarter.

Analyst Upgrades and Downgrades

Several research firms have issued reports on LHSW. Wall Street Zen lowered 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 report on Friday, August 14th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Lianhe Sowell International Group Company Profile

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.