Huachen AI Parking Management Technology Shares Scheduled to Reverse Split on Friday, October 23rd (NASDAQ:HCAI)

Shares of Huachen AI Parking Management Technology Holding Co., Ltd (NASDAQ:HCAI) are going to reverse split on Friday, October 23rd. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, October 22nd.

Huachen AI Parking Management Technology Stock Down 4.9%

HCAI stock opened at $0.28 on Thursday. The firm’s fifty day moving average is $2.65 and its 200 day moving average is $5.89. Huachen AI Parking Management Technology has a 52 week low of $0.24 and a 52 week high of $25.99.

Huachen AI Parking Management Technology (NASDAQ:HCAI) last released its quarterly earnings data on Wednesday, September 30th. The company reported $0.02 EPS for the quarter. The company had revenue of $1.24 million during the quarter.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Weiss Ratings upgraded Huachen AI Parking Management Technology from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, October 6th. Wall Street Zen upgraded shares of Huachen AI Parking Management Technology from a “sell” rating to a “hold” rating in a report on Saturday, September 26th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company has an average rating of “Sell”.

About Huachen AI Parking Management Technology

Huachen AI Parking Management Technology Holding Co, Ltd. is a China-based provider of parking management and technology services. The company focuses on helping property owners, developers and other parking facility operators manage parking assets and improve the efficiency of parking operations.

Its business activities include parking-lot operation and management, parking fee collection, parking-space sales and leasing, and related value-added services. The company also promotes the use of intelligent and digital tools to support parking access, payment processing, space management and operational monitoring.

Huachen AI Parking Management Technology serves the Chinese market through its operating subsidiaries and parking-related service activities.