Luokung Technology (NASDAQ:LKCO) Shares Set to Reverse Split on Tuesday, September 17th

Shares of Luokung Technology Corp. (NASDAQ:LKCO) are scheduled to reverse split before the market opens on Tuesday, September 17th. The 1-8 reverse split was announced on Thursday, September 12th. The number of shares owned by shareholders will be adjusted after the market closes on Monday, September 16th.

Luokung Technology Stock Up 5.7 %

LKCO traded up $0.03 on Friday, hitting $0.61. 532,157 shares of the company’s stock traded hands, compared to its average volume of 80,017. The company’s 50 day simple moving average is $0.64 and its 200-day simple moving average is $0.65. Luokung Technology has a one year low of $0.41 and a one year high of $1.13.

Luokung Technology Company Profile

Luokung Technology Corp., together with its subsidiaries, engages in the provision of location-based services and mobile application products for long distance rail travelers in the People's Republic of China. It offers Luokuang mobile application, which provides business to customer (B2C) location-based services; and SuperEngine that offers business to business (B2B) and business to government (B2G) services in connection with spatial-temporal big data processing.