Zeta Network Group (NASDAQ:ZNB) Shares Set to Reverse Split on Monday, July 27th

Zeta Network Group (NASDAQ:ZNB)’s stock is set to reverse split before the market opens on Monday, July 27th. The 1-8 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, July 26th.

Zeta Network Group Stock Performance

Shares of NASDAQ:ZNB traded down $0.03 during trading on Thursday, reaching $0.27. The stock had a trading volume of 1,622,247 shares, compared to its average volume of 3,989,625. The business has a fifty day moving average price of $0.97 and a 200-day moving average price of $17.30. Zeta Network Group has a fifty-two week low of $0.23 and a fifty-two week high of $2,487.50.

Zeta Network Group (NASDAQ:ZNB) last announced its quarterly earnings data on Thursday, June 18th. The company reported ($85.16) earnings per share (EPS) for the quarter. The company had revenue of $8.45 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Zeta Network Group in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Institutional Investors Weigh In On Zeta Network Group

A hedge fund recently bought a new stake in Zeta Network Group stock. OMERS ADMINISTRATION Corp bought a new position in shares of Zeta Network Group (NASDAQ:ZNB) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 118,285 shares of the company’s stock, valued at approximately $68,000. OMERS ADMINISTRATION Corp owned 0.08% of Zeta Network Group as of its most recent filing with the SEC. Institutional investors own 3.44% of the company’s stock.

About Zeta Network Group

Color Star Technology Co, Ltd., an entertainment and education company, provides online entertainment performances and music education services in the United States and China. The company operates Color World, an online platform of curriculum that includes music, sports, animation, painting and calligraphy, film and television, life skills, etc. Its Color World platform provides celebrity lectures, celebrity concert videos, celebrity peripheral products, and artist interactive communication services.