AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares Stock Scheduled to Reverse Split on Monday, October 19th (NYSE:AMTD)

AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares (NYSE:AMTD – Free Report) shares are set to reverse split on Monday, October 19th. The 1-60 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, October 18th.

AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares Price Performance

AMTD opened at $0.57 on Thursday. AMTD IDEA Group American Depositary Shares, each representing six has a 12-month low of $0.35 and a 12-month high of $1.65. The business’s fifty day simple moving average is $0.72 and its 200-day simple moving average is $0.88.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares from a “sell (d)” rating to a “sell (d-)” rating in a research note on Friday, September 18th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Read Our Latest Research Report on AMTD

AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares Company Profile

(Get Free Report)

AMTD IDEA Group is a financial services company focused on serving corporations, institutional investors and other clients across Asia. Its activities include investment banking, securities brokerage, asset management, corporate finance and strategic investment services.

The company provides assistance with capital markets transactions, mergers and acquisitions, equity and debt financing, securities trading and investment management. It also makes strategic investments in businesses and financial assets, with an emphasis on opportunities connected to Asia’s financial and business markets.

AMTD IDEA Group was formerly known as AMTD International Inc and is associated with AMTD Group.

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