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

Shares of Zeta Network Group (NASDAQ:ZNB) are set to reverse split 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 Down 8.8%

Zeta Network Group stock traded down $0.03 during mid-day trading on Thursday, reaching $0.27. The company’s stock had a trading volume of 1,622,247 shares, compared to its average volume of 3,989,625. Zeta Network Group has a 12 month low of $0.23 and a 12 month high of $2,487.50. The business’s 50 day simple moving average is $1.00 and its 200 day simple moving average is $17.73.

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

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Zeta Network Group stock. Anson Funds Management LP bought a new stake in Zeta Network Group (NASDAQ:ZNB) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 595,397 shares of the company’s stock, valued at approximately $345,000. Anson Funds Management LP owned 0.39% of Zeta Network Group as of its most recent filing with the SEC. 3.44% of the stock is currently owned by hedge funds and other institutional investors.

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.