Tian Ruixiang Stock Scheduled to Reverse Split on Monday, March 16th (NASDAQ:TIRX)

Tian Ruixiang Holdings Ltd. (NASDAQ:TIRX) shares are scheduled to reverse split before the market opens on Monday, March 16th. The 1-50 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, March 15th.

Tian Ruixiang Price Performance

Shares of NASDAQ:TIRX opened at $0.03 on Thursday. Tian Ruixiang has a 1 year low of $0.02 and a 1 year high of $10.75. The business’s 50 day moving average price is $0.24 and its 200-day moving average price is $1.02.

Analyst Ratings Changes

Separately, Weiss Ratings assumed coverage on Tian Ruixiang in a report on Friday, December 26th. They issued a “sell (e-)” rating on the stock. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Tian Ruixiang stock. Sabby Management LLC purchased a new stake in Tian Ruixiang Holdings Ltd. (NASDAQ:TIRX) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 624,551 shares of the company’s stock, valued at approximately $226,000. Tian Ruixiang makes up 0.3% of Sabby Management LLC’s investment portfolio, making the stock its 15th largest holding. Sabby Management LLC owned approximately 2.56% of Tian Ruixiang as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 10.66% of the company’s stock.

Tian Ruixiang Company Profile

Tian Ruixiang Holdings Ltd, together its subsidiaries, operates as an insurance broker in China and the United States. It distributes a range of insurance products, including property and casualty insurance, such as automobile, commercial property, liability, and accidental insurance; and life insurance comprising individual and group life insurances, as well as health and miscellaneous insurance. It serves individual or institutional customers. The company was founded in 2010 and is headquartered in Beijing, China.