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May 27, 2026 4:00 AM

Why Hitek Global (HKIT) Stock Is Falling After Hours Today

Hitek Global (NASDAQ:HKIT) shares are trading sharply lower in after-hours trading on Tuesday.

HKIT shares fell 18.2% to $0.57 in after-hours trading after the company announced a 1-for-3 reverse stock split that will take effect on May 29.

Hitek Global is a China-based information technology consulting and solutions provider. The company offers enterprise software, IT infrastructure services and digital transformation solutions to clients across multiple industries.

Reverse Split

The company disclosed the reverse split in a Form 6-K filing with the U.S. Securities and Exchange Commission.

The company said every three Class A ordinary shares will automatically be combined into one share beginning May 29, while the stock will continue trading on the Nasdaq Capital Market under the ticker "HKIT."

The reverse split follows an earlier 1-for-50 reverse split implemented in April 2026 after shareholders authorized the ...