AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares Shares 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) shares are going 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 market closes on Sunday, October 18th.

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

AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares stock opened at $0.66 on Wednesday. The firm’s fifty day simple moving average is $0.75 and its 200-day simple moving average is $0.91. AMTD IDEA Group American Depositary Shares, each representing six has a 1-year low of $0.65 and a 1-year high of $1.65.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of 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 report on Friday, September 18th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

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

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.