Zhongchao Stock Scheduled to Reverse Split on Monday, June 29th (NASDAQ:ZCMD)

Zhongchao Inc. (NASDAQ:ZCMD) shares are scheduled to reverse split on the morning of 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, reaching $0.36. The stock had a trading volume of 436,453 shares, compared to its average volume of 2,305,770. Zhongchao has a one year low of $0.35 and a one year high of $322.62. The company has a 50-day moving average price of $34.55 and a two-hundred day moving average price of $70.87.

Zhongchao (NASDAQ:ZCMD) last released its quarterly earnings data on Friday, April 3rd. The company reported ($23.72) earnings per share 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 report on Monday, June 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus 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.