Huachen AI Parking Management Technology (NASDAQ:HCAI) Stock Set to Reverse Split on Friday, October 23rd

Huachen AI Parking Management Technology Holding Co., Ltd (NASDAQ:HCAI)’s stock is set to reverse split on the morning of Friday, October 23rd. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, October 22nd.

Huachen AI Parking Management Technology Price Performance

Huachen AI Parking Management Technology stock opened at $0.25 on Monday. Huachen AI Parking Management Technology has a 1 year low of $0.22 and a 1 year high of $25.99. The firm has a 50-day moving average of $2.48 and a two-hundred day moving average of $5.83.

Huachen AI Parking Management Technology (NASDAQ:HCAI) last issued its earnings results on Wednesday, September 30th. The company reported $0.02 EPS for the quarter. The company had revenue of $1.24 million during the quarter.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Wall Street Zen raised Huachen AI Parking Management Technology from a “sell” rating to a “hold” rating in a research note on Saturday, September 26th. Weiss Ratings raised Huachen AI Parking Management Technology from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, October 6th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Huachen AI Parking Management Technology presently has a consensus rating of “Sell”.

Huachen AI Parking Management Technology Company Profile

Huachen AI Parking Management Technology Holding Co, Ltd. is a China-based provider of parking management and technology services. The company focuses on helping property owners, developers and other parking facility operators manage parking assets and improve the efficiency of parking operations.

Its business activities include parking-lot operation and management, parking fee collection, parking-space sales and leasing, and related value-added services. The company also promotes the use of intelligent and digital tools to support parking access, payment processing, space management and operational monitoring.

Huachen AI Parking Management Technology serves the Chinese market through its operating subsidiaries and parking-related service activities.