Lichen International (NASDAQ:LICN) Announces Earnings Results

Lichen International (NASDAQ:LICN) issued its earnings results on Wednesday. The company reported ($0.36) EPS for the quarter, FiscalAI reports. The business had revenue of $5.13 million during the quarter.

Lichen International Price Performance

NASDAQ:LICN remained flat at $1.02 during mid-day trading on Wednesday. The company had a trading volume of 7,731 shares, compared to its average volume of 405,966. The business’s fifty day moving average price is $1.15 and its two-hundred day moving average price is $2.56. Lichen International has a 1 year low of $0.70 and a 1 year high of $9.49.

Analyst Upgrades and Downgrades

LICN has been the subject of a number of analyst reports. Wall Street Zen upgraded Lichen International from a “strong sell” rating to a “sell” rating in a research report on Saturday, July 4th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Lichen International in a research note on Monday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Lichen International Company Profile

Lichen International, also known as Lichen China Limited, is a China-based provider of financial and tax-related services. Through its operating subsidiaries, the company primarily serves small and medium-sized enterprises with accounting, tax compliance, and financial advisory support.

The company’s services include agency bookkeeping, preparation and filing of tax returns, financial and taxation consulting, and assistance with business and management matters. Lichen also offers training and related software or technology solutions designed to help businesses manage accounting and tax functions.

Lichen is headquartered in China and focuses its operations on the domestic Chinese market.