RTTNews | Jan 26, 2022 02:06PM EST

14:06 Wednesday, January 26, 2022 (RTTNews.com) - Chinese-finserv company, Weidai Ltd. (WEI), is trading 6% higher on the market after it announced a revised ratio of its ADS on the New York Stock Exchange.

As per the company, one ADS, which used to represent one Class A ordinary share will now represent five Class A ordinary shares. The changed ratio will be applicable from January 26. The company had previously announced the ratio will be three to one.

The stock is currently trading at $2.42, up 6%. The stock opened at $2.38 in the morning and in the 52-week period, the stock has ranged between $0.40 and $ 2.98 per share.

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