China SXT Pharmaceuticals, Inc. (NASDAQ:SXTC – Free Report)’s stock is scheduled to reverse split on the morning of Monday, October 26th. The 1-100 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, October 25th.
China SXT Pharmaceuticals Trading Down 34.2%
Shares of NASDAQ SXTC traded down $0.03 during trading on Thursday, reaching $0.05. 55,565,881 shares of the company traded hands, compared to its average volume of 60,694,356. The firm’s fifty day simple moving average is $2.22 and its 200 day simple moving average is $89.02. China SXT Pharmaceuticals has a 12-month low of $0.05 and a 12-month high of $83,758.80. The company has a debt-to-equity ratio of 0.02, a quick ratio of 7.76 and a current ratio of 7.94.
Analysts Set New Price Targets
Several brokerages recently weighed in on SXTC. Wall Street Zen upgraded China SXT Pharmaceuticals to a “sell” rating in a research report on Saturday, August 22nd. Weiss Ratings raised shares of China SXT Pharmaceuticals from a “sell (e)” rating to a “sell (e+)” rating in a report on Wednesday. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.
China SXT Pharmaceuticals Company Profile
China SXT Pharmaceuticals, Inc (NASDAQ: SXTC) is a pharmaceutical company based in Taizhou, Jiangsu Province, China. The company develops, manufactures and sells traditional Chinese medicine products, serving customers primarily in the Chinese market.
Its product portfolio includes prescription and over-the-counter traditional Chinese medicines, as well as health-related products and dietary supplements. The company’s operations encompass the preparation of herbal ingredients and the production, marketing and distribution of finished traditional Chinese medicine products.
China SXT Pharmaceuticals was established in 2005 and completed its initial public offering on the Nasdaq Capital Market in 2019.
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