Lichen International Shares to Reverse Split on Thursday, November 19th (NASDAQ:LICN)

Lichen International Limited (NASDAQ:LICN) shares are going to reverse split on Thursday, November 19th. The 1-100 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, November 18th.

Lichen International Trading Down 13.9%

NASDAQ:LICN opened at $0.51 on Friday. The firm’s fifty day simple moving average is $0.96 and its 200 day simple moving average is $2.43. Lichen International has a twelve month low of $0.47 and a twelve month high of $9.49.

Lichen International (NASDAQ:LICN) last issued its quarterly earnings data on Wednesday, September 30th. The company reported ($0.36) EPS for the quarter. The business had revenue of $5.13 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Lichen International in a report on Monday, September 28th. One research analyst has rated the stock with a Sell rating. According to MarketBeat, Lichen International has a consensus rating of “Sell”.

Lichen International Company Profile

Lichen International Limited, doing business as Lichen China, is a China-based provider of financial and taxation services for small and medium-sized enterprises. Through its subsidiaries, the company helps business clients address accounting, bookkeeping, tax compliance and related financial management needs.

The company’s service offerings include agency bookkeeping, financial and tax advisory services, tax consulting, internal-control support and enterprise management consulting. Lichen also provides education and training services intended to help business owners and finance professionals understand accounting, taxation and business-management requirements.

Lichen International primarily serves small and medium-sized businesses in China.