Shares of Lucas GC Limited (NASDAQ:LGCL – Free Report) are going to reverse split on the morning of Tuesday, September 1st. The 1-125 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, August 31st.
Lucas GC Price Performance
Shares of NASDAQ:LGCL traded down $0.01 on Friday, reaching $0.04. The company’s stock had a trading volume of 299,528,219 shares, compared to its average volume of 74,939,240. The stock’s 50-day moving average is $1.11 and its two-hundred day moving average is $1.55. Lucas GC has a 52-week low of $0.03 and a 52-week high of $21.20.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lucas GC in a research report on Friday, July 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Lucas GC stock. Murchinson Ltd. purchased a new stake in Lucas GC Limited (NASDAQ:LGCL – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 100,000 shares of the company’s stock, valued at approximately $107,000. Murchinson Ltd. owned approximately 0.13% of Lucas GC at the end of the most recent reporting period.
About Lucas GC
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.
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