Zhongchao (NASDAQ:ZCMD) Trading Up 5.1% – Time to Buy?

Zhongchao Inc. (NASDAQ:ZCMD)’s stock price rose 5.1% on Wednesday . The company traded as high as $0.8066 and last traded at $0.7743. Approximately 619,883 shares were traded during trading, a decline of 76% from the average session volume of 2,588,333 shares. The stock had previously closed at $0.7366.

Analysts Set New Price Targets

A number of brokerages recently commented on ZCMD. Wall Street Zen upgraded Zhongchao from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings upgraded shares of Zhongchao from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, August 24th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Zhongchao Stock Performance

The firm has a 50 day simple moving average of $1.17 and a two-hundred day simple moving average of $73.47.

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.