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

Kuke Music Holding Limited (NYSE:KUKE) shares are set to reverse split on 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 market closes on Wednesday, March 12th.

Kuke Music Price Performance

Shares of NYSE KUKE opened at $0.25 on Wednesday. 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 fifty-two week low of $0.15 and a fifty-two week high of $4.07. The stock has a fifty day moving average of $0.41 and a 200-day moving average of $0.60.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Kuke Music stock. Citadel Advisors LLC purchased a new stake in Kuke Music Holding Limited (NYSE:KUKE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 93,819 shares of the company’s stock, valued at approximately $37,000. Citadel Advisors LLC owned approximately 0.30% of Kuke Music as of its most recent SEC filing. 0.02% of the stock is owned by institutional investors and hedge funds.

Kuke Music Company Profile

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.