Shares of Tian Ruixiang Holdings Ltd. (NASDAQ:TIRX – Free Report) are set to reverse split on the morning of Monday, March 16th. The 1-50 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, March 15th.
Tian Ruixiang Stock Performance
Shares of Tian Ruixiang stock opened at $0.03 on Friday. Tian Ruixiang has a one year low of $0.02 and a one year high of $10.75. The stock’s 50-day moving average is $0.27 and its 200 day moving average is $1.09.
Analyst Ratings Changes
Separately, Weiss Ratings started coverage on Tian Ruixiang in a research note on Friday, December 26th. They issued a “sell (e-)” rating on the stock. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.
Hedge Funds Weigh In On Tian Ruixiang
An institutional investor recently bought a new position in Tian Ruixiang stock. Sabby Management LLC bought a new position in shares of Tian Ruixiang Holdings Ltd. (NASDAQ:TIRX – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 624,551 shares of the company’s stock, valued at approximately $226,000. Tian Ruixiang accounts for about 0.3% of Sabby Management LLC’s investment portfolio, making the stock its 15th biggest position. Sabby Management LLC owned 2.56% of Tian Ruixiang at the end of the most recent reporting period. Institutional investors and hedge funds own 10.66% of the company’s stock.
About Tian Ruixiang
Tian Ruixiang Holdings Ltd, together its subsidiaries, operates as an insurance broker in China and the United States. It distributes a range of insurance products, including property and casualty insurance, such as automobile, commercial property, liability, and accidental insurance; and life insurance comprising individual and group life insurances, as well as health and miscellaneous insurance. It serves individual or institutional customers. The company was founded in 2010 and is headquartered in Beijing, China.
See Also
- Five stocks we like better than Tian Ruixiang
- “I just bought 10,000 shares of a $5 stock…”
- 3 Signs You May Want to Switch Financial Advisors
- How JPMorgan’s $8,000 Gold Call Will Leave Most Retirement Accounts Behind
- Silver Is the New Oil—And the World’s Running Dry
- Central banks just did something they haven’t done since 1967
Receive News & Ratings for Tian Ruixiang Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tian Ruixiang and related companies with MarketBeat.com's FREE daily email newsletter.
