NetClass Technology Shares Scheduled to Reverse Split on Friday, November 20th (NASDAQ:NTCL)

NetClass Technology Inc (NASDAQ:NTCL) shares are set to reverse split on the morning of Friday, November 20th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, November 19th.

NetClass Technology Stock Performance

NASDAQ NTCL opened at $0.23 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.09. The stock’s 50-day moving average is $1.45 and its 200-day moving average is $14.34. NetClass Technology has a one year low of $0.21 and a one year high of $155.00.

Trending Headlines about NetClass Technology

Here are the key news stories impacting NetClass Technology this week:

• Positive Sentiment: The company completed the $1.2 million offering, bringing in financing that could support its business and operations; the company did not specify how it will use the proceeds. Offering closing announcement
• Neutral Sentiment: The offering was priced at $0.40 per share for 3 million Class A ordinary shares, or pre-funded warrants in lieu of shares. Offering pricing announcement
• Negative Sentiment: The issuance of shares or warrants may dilute existing shareholders. NetClass has also announced a 1-for-10 reverse split scheduled ahead of the November 20 market open, adding another near-term share-structure change for investors to consider.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of NetClass Technology in a research report on Thursday, October 15th. Wall Street Zen upgraded shares of NetClass Technology from a “strong sell” rating to a “hold” rating in a research report on Saturday, July 25th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

About NetClass Technology

NetClass Technology Inc is an education technology company that provides digital solutions and services for educational institutions. Its offerings are designed to support the management, delivery and administration of education through technology-enabled platforms and related services.

The company’s business includes education software, online learning and digital education resources, as well as technology services for schools and other education organizations. Its solutions may support areas such as campus administration, instructional delivery, educational content and the digitization of school operations.

NetClass Technology serves customers in China through its education technology operations.