China Liberal Education Holdings Limited (CLEU) stock has reached a new 52-week low, trading at $0.15. According to InvestingPro analysis, the company maintains impressive gross profit margins of ~64% despite current challenges, though its overall Financial Health Score indicates weakness. This latest price level reflects a significant downturn for the company, which has seen its stock value plummet by -91.98% over the past year. The steep decline underscores the challenges faced by the education services provider, with revenue declining by -86.51% and a beta of 2.04 indicating high volatility. Investors are closely monitoring the company's strategies for recovery and stabilization, noting its strong liquidity position with a current ratio of 16.25. InvestingPro subscribers can access 12 additional key insights about CLEU's financial health and market position.
In other recent news, China Liberal Education Holdings Limited has announced a share consolidation initiative. This move involves consolidating fifteen ordinary shares into one, with a par value adjustment from $0.015 to $0.225. The consolidation is set to take effect later this year. Once in effect, the company's ordinary shares will maintain the same ticker symbol "CLEU," but will be assigned a new CUSIP number. Fractional shares will not be issued; instead, they will be rounded up to the nearest whole number.
This approved consolidation will also adjust the authorized share capital of China Liberal Education Holdings Limited to $225,000,000, divided into 1,000,000,000 ordinary shares at $0.225 par value each. These are recent developments, and shareholders need not take any action as the consolidation of shares will occur automatically. The company has made clear that these forward-looking statements are not guarantees of future performance and advises investors to consider the risk factors that may impact future results.
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