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

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

Tian Ruixiang Trading Up 2.1%

NASDAQ TIRX opened at $0.06 on Wednesday. The business’s fifty day moving average is $0.29 and its 200 day moving average is $1.15. Tian Ruixiang has a fifty-two week low of $0.04 and a fifty-two week high of $10.75.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings started coverage on shares of Tian Ruixiang in a report on Friday, December 26th. They issued a “sell (e-)” rating for the company. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Tian Ruixiang presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Tian Ruixiang

An institutional investor recently bought a new position in Tian Ruixiang stock. Sabby Management LLC purchased a new stake in shares of Tian Ruixiang Holdings Ltd. (NASDAQ:TIRX) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 624,551 shares of the company’s stock, valued at approximately $226,000. Tian Ruixiang makes up 0.3% of Sabby Management LLC’s holdings, making the stock its 15th biggest holding. Sabby Management LLC owned about 2.56% of Tian Ruixiang as of its most recent SEC filing. 10.66% of the stock is currently owned by hedge funds and other institutional investors.

Tian Ruixiang Company Profile

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.