TCTM Kids IT Education Stock Scheduled to Reverse Split on Monday, December 22nd (NASDAQ:VSA)

TCTM Kids IT Education Inc. (NASDAQ:VSA) shares are going to reverse split on the morning of Monday, December 22nd. The 1-50 reverse split was announced on Thursday, December 18th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, December 19th.

TCTM Kids IT Education Trading Down 26.4%

TCTM Kids IT Education stock traded down $0.03 during midday trading on Thursday, reaching $0.07. 22,594,483 shares of the company’s stock were exchanged, compared to its average volume of 5,859,927. The firm has a 50-day moving average price of $1.32. The company has a market cap of $3.90 million, a price-to-earnings ratio of -0.14 and a beta of 0.04. TCTM Kids IT Education has a 52 week low of $0.05 and a 52 week high of $4.24.

TCTM Kids IT Education (NASDAQ:VSA) last released its quarterly earnings data on Tuesday, September 30th. The company reported $0.26 earnings per share (EPS) for the quarter. The business had revenue of $6.53 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of TCTM Kids IT Education in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, TCTM Kids IT Education currently has a consensus rating of “Sell”.

About TCTM Kids IT Education

Tarena International, Inc, through its subsidiaries, provides professional education services through full-time and part-time classes under the Tarena brand in the People’s Republic of China. It operates through two segments, Adult Professional Education and Childhood & Adolescent Quality Education Services.