Hitek To Commence 1-for-25 Reverse Split

Hitek Global Inc. (HKIT) will implement a reverse stock split of 1-for-25 effective July 6. The move is typically associated with efforts to address listing/price compliance and may be viewed cautiously by investors, with likely near-term volatility in the shares.

Analysis

Hitek Global Inc. (HKIT) will implement a reverse stock split of 1-for-25 effective July 6. The move is typically associated with efforts to address listing/price compliance and may be viewed cautiously by investors, with likely near-term volatility in the shares.