Zhongchao (NASDAQ:ZCMD) Shares Set to Reverse Split on Monday, June 29th

Shares of Zhongchao Inc. (NASDAQ:ZCMD) are scheduled to reverse split before the market opens on Monday, June 29th. The 1-3 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, June 28th.

Zhongchao Price Performance

ZCMD traded down $0.05 during trading on Thursday, hitting $0.36. The stock had a trading volume of 436,453 shares, compared to its average volume of 390,785. Zhongchao has a twelve month low of $0.35 and a twelve month high of $322.62. The stock has a 50 day simple moving average of $34.55 and a two-hundred day simple moving average of $70.87.

Zhongchao (NASDAQ:ZCMD) last released its quarterly earnings results on Friday, April 3rd. The company reported ($23.72) earnings per share (EPS) for the quarter. The business had revenue of $2.89 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Zhongchao from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

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.