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Linkage Global (LGCB) stock plummeted to a 52-week low of $0.13, reflecting a stark downturn for the company over the past year. According to InvestingPro data, the micro-cap company, now valued at just $4.84 million, has seen its revenue decline by 19.2% in the past year while technical indicators suggest oversold conditions. This latest price level underscores a significant retreat from better-performing times, as the stock has faced a precipitous 1-year change, with a staggering decline of -96.6%. While the company maintains a healthy current ratio of 2.73, indicating strong short-term liquidity, its rapid cash burn rate raises concerns. The 52-week low serves as a critical indicator of the current bearish sentiment surrounding the stock, as market participants gauge the potential for a turnaround or further descent. InvestingPro subscribers can access 15 additional technical and fundamental indicators to better assess the stock’s potential recovery prospects.
In other recent news, Linkage Global Inc has announced a 10-for-1 share consolidation to comply with Nasdaq listing rules. This action, approved by the company’s board of directors, will be effective starting April 7, 2025, and will ensure that the company meets the necessary requirements to maintain its listing on the Nasdaq Capital Market. Shareholders will not need to take any action as the consolidation will occur automatically, converting every 10 existing ordinary shares into one issued and outstanding ordinary share. Additionally, Linkage Global has scheduled its annual general meeting of shareholders for March 10, 2025. The company has released a notice indicating that a proxy statement will be distributed to all shareholders, providing essential information such as the meeting agenda and profiles of board members up for election or re-election. This announcement complies with the rules of the Securities Exchange Act of 1934, ensuring that Linkage Global continues to report certain events to the United States Securities and Exchange Commission. Shareholders are advised to review the proxy statement once received to prepare for the meeting. These developments are based on recent company announcements and filings.
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