LexinFintech Gets Nasdaq Delisting Warning as Shares Sit at $0.65
LX is trading near its 52-week low of $0.641 (0.7% above the low).
Summary
Lexin received a Nasdaq notice on October 14 that its ADSs traded below $1.00 from September 1 through October 13, putting it out of compliance with the minimum bid price rule. The stock closed at $0.6453 and sits near its 52-week low of $0.641, down from a high of $5.94. The company has until April 12, 2027 to get the bid back above $1.00 for ten consecutive business days, and says it is weighing a change to the ADS-to-ordinary-share ratio to do it. This lands on top of a rough stretch: Q2 2026 net income fell 80.2% year over year to RMB101 million, with management guiding to a possible Q3 net loss. The notice itself doesn't halt trading or affect SEC reporting, but a sub-$1 price combined with collapsing earnings raises the odds of a reverse split or further dilution. Watch the Q3 report for whether the loss materializes and any 6-K disclosing a ratio adjustment.
At the time of this announcement, LX was trading at $0.65 on NASDAQ in the Finance sector, with a market capitalization of approximately $115.1M. The 52-week trading range was $0.64 to $5.94. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.