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

Shares of Lianhe Sowell International Group Ltd (NASDAQ:LHSW) are set 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 Stock Down 32.8%

Shares of Lianhe Sowell International Group stock traded down $0.34 on Thursday, hitting $0.69. The stock had a trading volume of 2,088,847 shares, compared to its average volume of 3,686,588. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.07 and a quick ratio of 1.04. Lianhe Sowell International Group has a twelve month low of $0.38 and a twelve month high of $36.00. The business’s 50 day moving average is $1.59 and its two-hundred day moving average is $2.44.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on LHSW shares. Wall Street Zen downgraded Lianhe Sowell International Group from a “hold” rating to a “sell” rating in a report on Saturday, August 22nd. Weiss Ratings restated a “sell (d)” rating on shares of Lianhe Sowell International Group in a research note on Friday, August 14th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

About Lianhe Sowell International Group

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.