Shares of AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares (NYSE:AMTD – Free Report) are scheduled 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 Price Performance
Shares of AMTD opened at $0.51 on Friday. AMTD IDEA Group American Depositary Shares, each representing six has a 12-month low of $0.47 and a 12-month high of $1.65. The firm has a fifty day moving average price of $0.74 and a 200-day moving average price of $0.90.
Analysts Set New Price Targets
Separately, Weiss Ratings cut 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 report on Friday, September 18th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company 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.
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