TCTM Kids IT Education Stock Set to Reverse Split on Monday, December 22nd (NASDAQ:VSA)

Shares of TCTM Kids IT Education Inc. (NASDAQ:VSA) are going to reverse split on the morning of Monday, December 22nd. The 1-50 reverse split was announced on Thursday, December 18th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, December 19th.

TCTM Kids IT Education Stock Down 26.4%

Shares of VSA stock traded down $0.03 on Thursday, reaching $0.07. The stock had a trading volume of 22,594,483 shares, compared to its average volume of 5,859,927. TCTM Kids IT Education has a 12 month low of $0.05 and a 12 month high of $4.24. The stock has a market capitalization of $3.90 million, a price-to-earnings ratio of -0.14 and a beta of 0.04. The stock’s 50-day moving average price is $1.27.

TCTM Kids IT Education (NASDAQ:VSA) last announced its earnings results on Tuesday, September 30th. The company reported $0.26 EPS for the quarter. The company had revenue of $6.53 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of TCTM Kids IT Education in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

TCTM Kids IT Education Company Profile

Tarena International, Inc, through its subsidiaries, provides professional education services through full-time and part-time classes under the Tarena brand in the People’s Republic of China. It operates through two segments, Adult Professional Education and Childhood & Adolescent Quality Education Services.