Zhongchao Stock Scheduled to Reverse Split on Monday, March 2nd (NASDAQ:ZCMD)

Zhongchao Inc. (NASDAQ:ZCMD)’s stock is set to reverse split on the morning of Monday, March 2nd. The 1-8 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, March 1st.

Zhongchao Trading Down 10.7%

NASDAQ:ZCMD traded down $0.03 during mid-day trading on Thursday, hitting $0.21. The stock had a trading volume of 196,736 shares, compared to its average volume of 2,437,730. The company has a 50 day simple moving average of $0.42 and a 200-day simple moving average of $0.70. Zhongchao has a 52 week low of $0.18 and a 52 week high of $1.53.

Zhongchao (NASDAQ:ZCMD) last posted its earnings results on Monday, September 29th. The company reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $2.80 million for the quarter.

About Zhongchao

Zhongchao Inc provides healthcare information, education, and training services in the People's Republic of China. The company offers online and onsite health information services, healthcare education programs, and healthcare training products, including clinical practice training, open classes of popular medical topics, interactive case studies, academic conference and workshops, continuing education courses, and articles and short videos with educational healthcare content. It also provides customized medical courses and medical training services; and patient management services through online platform under the Zhongxun brand.