Lianhe Sowell International Group (NASDAQ:LHSW) Shares Scheduled to Reverse Split on Monday, October 26th

Lianhe Sowell International Group Ltd (NASDAQ:LHSW) shares are scheduled to reverse split on Monday, October 26th. The 1-8 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, October 25th.

Lianhe Sowell International Group Stock Down 32.8%

Shares of LHSW stock traded down $0.34 during trading hours on Thursday, reaching $0.69. The company had a trading volume of 2,088,847 shares, compared to its average volume of 3,686,588. The company has a 50 day moving average of $1.59 and a 200 day moving average of $2.44. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.04 and a current ratio of 1.07. Lianhe Sowell International Group has a 1-year low of $0.38 and a 1-year high of $36.00.

Lianhe Sowell International Group (NASDAQ:LHSW) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.79) earnings per share (EPS) for the quarter. The firm had revenue of $8.37 million during the quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LHSW. Wall Street Zen cut Lianhe Sowell International Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. Weiss Ratings reissued a “sell (d)” rating on shares of Lianhe Sowell International Group in a research note on Friday, August 14th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Lianhe Sowell International Group presently has an average rating of “Sell”.

About Lianhe Sowell International Group

Lianhe Sowell International Group Limited is an industrial automation and intelligent manufacturing company based in China. Through its operating subsidiaries, the company provides automation equipment, production-line integration and related engineering solutions designed to help manufacturers improve production efficiency and process control.

Its offerings include customized manufacturing systems and equipment, industrial automation technologies, and software or control solutions used in automated production environments.