Wellchange (NASDAQ:WCT) Stock Scheduled to Reverse Split on Monday, November 9th

Wellchange Holdings Company Limited (NASDAQ:WCT – Free Report)’s stock is scheduled to reverse split before the market opens on Monday, November 9th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, November 8th.

Wellchange Trading Down 8.9%

Shares of Wellchange stock traded down $0.02 on Thursday, reaching $0.24. 111,162 shares of the company were exchanged, compared to its average volume of 390,617. Wellchange has a one year low of $0.23 and a one year high of $67.50. The company has a 50-day moving average of $3.81 and a 200 day moving average of $11.92.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on WCT shares. Wall Street Zen upgraded shares of Wellchange from a “sell” rating to a “hold” rating in a report on Monday, October 19th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Wellchange in a research note on Tuesday, August 18th. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the company presently has a consensus rating of “Sell”.

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