Zhongchao Shares Set to Reverse Split on Monday, June 29th (NASDAQ:ZCMD)

Zhongchao Inc. (NASDAQ:ZCMD)’s stock is scheduled to reverse split on Monday, June 29th. The 1-3 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, June 28th.

Zhongchao Stock Performance

Zhongchao stock traded down $0.05 during mid-day trading on Thursday, hitting $0.36. 436,453 shares of the company’s stock were exchanged, compared to its average volume of 2,305,770. The company’s 50 day simple moving average is $34.55 and its 200-day simple moving average is $70.87. Zhongchao has a fifty-two week low of $0.35 and a fifty-two week high of $322.62.

Zhongchao (NASDAQ:ZCMD) last announced its earnings results on Friday, April 3rd. The company reported ($23.72) EPS for the quarter. The business had revenue of $2.89 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Zhongchao from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Zhongchao Company Profile

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.