Kuke Music Stock Set to Reverse Split on Thursday, March 13th (NYSE:KUKE)

Kuke Music Holding Limited (NYSE:KUKE)’s stock is going to reverse split on the morning of Thursday, March 13th. The 1-10 reverse split was announced on Monday, March 3rd. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, March 12th.

Kuke Music Price Performance

NYSE:KUKE opened at $0.22 on Friday. The company has a current ratio of 0.48, a quick ratio of 0.47 and a debt-to-equity ratio of 0.10. Kuke Music has a 52-week low of $0.15 and a 52-week high of $4.07. The stock has a 50-day simple moving average of $0.40 and a 200 day simple moving average of $0.58.

Institutional Trading of Kuke Music

An institutional investor recently bought a new position in Kuke Music stock. PFG Investments LLC bought a new position in shares of Kuke Music Holding Limited (NYSE:KUKE) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 72,000 shares of the company’s stock, valued at approximately $28,000. PFG Investments LLC owned 0.23% of Kuke Music at the end of the most recent quarter. 0.02% of the stock is currently owned by hedge funds and other institutional investors.

About Kuke Music

Kuke Music Holding Limited, through its subsidiaries, provides classical music licensing, subscription, and education services in China. It operates through two segments: Subscription, Licensing and Smart Education Business; and Music Events and Performances Business. The Subscription, Licensing and Smart Education Business segment distributes commercial copyrights and offers music education solutions.