Wellchange (NASDAQ:WCT) Stock Set to Reverse Split on Monday, November 9th

Shares of Wellchange Holdings Company Limited (NASDAQ:WCT – Free Report) are scheduled to reverse split on the morning of Monday, November 9th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, November 8th.

Wellchange Stock Performance

Shares of NASDAQ WCT traded down $0.02 during mid-day trading on Thursday, reaching $0.24. 111,162 shares of the company were exchanged, compared to its average volume of 390,617. The company’s 50-day simple moving average is $3.81 and its 200-day simple moving average is $11.92. Wellchange has a twelve month low of $0.23 and a twelve month high of $67.50.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on WCT shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Wellchange in a report on Tuesday, August 18th. Wall Street Zen upgraded shares of Wellchange from a “sell” rating to a “hold” rating in a research report on Monday, October 19th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock presently has an average rating of “Sell”.

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