Wellchange Shares Set to Reverse Split on Tuesday, September 8th (NASDAQ:WCT)

Wellchange Holdings Company Limited (NASDAQ:WCTFree Report) shares are going to reverse split before the market opens on Tuesday, September 8th. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, September 7th.

Wellchange Stock Up 14.2%

Wellchange stock opened at $1.37 on Friday. The business has a 50 day moving average price of $1.00 and a two-hundred day moving average price of $2.21. Wellchange has a 12 month low of $0.38 and a 12 month high of $25.00.

Wellchange (NASDAQ:WCTGet Free Report) last announced its quarterly earnings data on Wednesday, May 13th. The company reported ($0.62) EPS for the quarter. The business had revenue of $0.08 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Wellchange in a research report on Tuesday, August 18th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Read Our Latest Stock Report on WCT

Institutional Trading of Wellchange

A hedge fund recently bought a new stake in Wellchange stock. Citadel Advisors LLC acquired a new stake in shares of Wellchange Holdings Company Limited (NASDAQ:WCTFree Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 89,621 shares of the company’s stock, valued at approximately $32,000. Citadel Advisors LLC owned approximately 0.19% of Wellchange at the end of the most recent quarter.

Wellchange Company Profile

(Get Free Report)

Wellchange Holdings Company Limited, through its subsidiaries, operates as an enterprise software solution services provider in Hong Kong. The company provides tailor-made software solutions, cloud-based software-as-a-service (SaaS) solutions, and white-labelled software design and development services. The company also operates MR. CLOUD, a cloud-based SaaS enterprise resource planning software platform based on subscription services to support back-office and front-office functions, such as finance and accounting, procurement, manufacturing, inventory management, order management, warehouse management, supply chain management, customer relationship management, professional services automation, project and file management, human resources management, e-commerce, and marketing automation.

Further Reading

Receive News & Ratings for Wellchange Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wellchange and related companies with MarketBeat.com's FREE daily email newsletter.