Lichen International Shares Scheduled to Reverse Split on Thursday, November 19th (NASDAQ:LICN)

Lichen International Limited (NASDAQ:LICN) shares are going to reverse split before the market opens on Thursday, November 19th. The 1-100 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, November 18th.

Lichen International Stock Performance

NASDAQ LICN opened at $0.04 on Wednesday. Lichen International has a one year low of $0.04 and a one year high of $9.49. The company’s 50 day moving average price is $0.92 and its 200 day moving average price is $2.40.

Lichen International (NASDAQ:LICN) last announced its quarterly earnings results on Wednesday, September 30th. The company reported ($0.36) earnings per share for the quarter. The business had revenue of $5.13 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Lichen International in a research note on Monday, September 28th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Lichen International presently has a consensus rating of “Sell”.

About Lichen International

Lichen International Limited, doing business as Lichen China, is a China-based provider of financial and taxation services for small and medium-sized enterprises. Through its subsidiaries, the company helps business clients address accounting, bookkeeping, tax compliance and related financial management needs. The company’s service offerings include agency bookkeeping, financial and tax advisory services, tax consulting, internal-control support and enterprise management consulting. Lichen also provides education and training services intended to help business owners and finance professionals understand accounting, taxation and business-management requirements.