Zhongchao (NASDAQ:ZCMD) Shares Scheduled to Reverse Split on Monday, June 8th

Shares of Zhongchao Inc. (NASDAQ:ZCMD) are scheduled to reverse split before the market opens on Monday, June 8th. The 1-31 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, June 7th.

Zhongchao Price Performance

ZCMD traded down $0.02 during trading hours on Thursday, hitting $0.04. 156,208,192 shares of the company’s stock were exchanged, compared to its average volume of 40,050,068. Zhongchao has a 12-month low of $0.03 and a 12-month high of $12.18. The firm has a 50 day moving average of $1.66 and a 200 day moving average of $2.79.

Zhongchao (NASDAQ:ZCMD) last posted its quarterly earnings results on Friday, April 3rd. The company reported ($0.76) EPS for the quarter. The business had revenue of $2.89 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Zhongchao in a research report on Friday, May 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock 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.