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

Zeta Network Group (NASDAQ:ZNB)’s stock is set to reverse split on the morning of 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 Trading Down 8.8%

Shares of Zeta Network Group stock traded down $0.03 during trading on Thursday, reaching $0.27. 1,622,247 shares of the stock traded hands, compared to its average volume of 3,989,625. Zeta Network Group has a 52-week low of $0.23 and a 52-week high of $2,487.50. The business has a fifty day simple moving average of $1.00 and a two-hundred day simple moving average of $17.73.

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

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Zeta Network Group

A hedge fund recently bought a new position in Zeta Network Group stock. OMERS ADMINISTRATION Corp bought a new position in Zeta Network Group (NASDAQ:ZNB) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 118,285 shares of the company’s stock, valued at approximately $68,000. OMERS ADMINISTRATION Corp owned about 0.08% of Zeta Network Group as of its most recent SEC filing. Hedge funds and other institutional investors own 3.44% of the company’s stock.

Zeta Network Group Company Profile

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.