Tian Ruixiang Stock Set to Reverse Split on Monday, March 16th (NASDAQ:TIRX)

Tian Ruixiang Holdings Ltd. (NASDAQ:TIRX) shares are going to reverse split on the morning of Monday, March 16th. The 1-50 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, March 15th.

Tian Ruixiang Stock Performance

NASDAQ TIRX opened at $0.06 on Wednesday. Tian Ruixiang has a 12 month low of $0.04 and a 12 month high of $10.75. The company’s 50-day moving average price is $0.29 and its 200-day moving average price is $1.15.

Analyst Ratings Changes

Separately, Weiss Ratings assumed coverage on shares of Tian Ruixiang in a research note on Friday, December 26th. They issued a “sell (e-)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Investors Weigh In On Tian Ruixiang

An institutional investor recently bought a new position in Tian Ruixiang stock. Sabby Management LLC purchased a new position in Tian Ruixiang Holdings Ltd. (NASDAQ:TIRX) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 624,551 shares of the company’s stock, valued at approximately $226,000. Tian Ruixiang accounts for approximately 0.3% of Sabby Management LLC’s investment portfolio, making the stock its 15th largest holding. Sabby Management LLC owned about 2.56% of Tian Ruixiang at the end of the most recent quarter. Institutional investors and hedge funds own 10.66% of the company’s stock.

About Tian Ruixiang

Tian Ruixiang Holdings Ltd, together its subsidiaries, operates as an insurance broker in China and the United States. It distributes a range of insurance products, including property and casualty insurance, such as automobile, commercial property, liability, and accidental insurance; and life insurance comprising individual and group life insurances, as well as health and miscellaneous insurance. It serves individual or institutional customers. The company was founded in 2010 and is headquartered in Beijing, China.