Wellchange Holdings Company Limited (NASDAQ:WCT – Free Report)’s stock is set to reverse split on Monday, November 9th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, November 8th.
Wellchange Trading Down 8.9%
Shares of Wellchange stock traded down $0.02 during trading on Thursday, hitting $0.24. 111,162 shares of the company’s stock traded hands, compared to its average volume of 218,426. The business has a 50-day simple moving average of $3.81 and a 200-day simple moving average of $11.92. Wellchange has a 1 year low of $0.23 and a 1 year high of $67.50.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the company. Wall Street Zen raised Wellchange from a “sell” rating to a “hold” rating in a report on Monday, October 19th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Wellchange in a research report on Tuesday, August 18th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock has an average rating of “Sell”.
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