Pop Culture Group (NASDAQ:CPOP) Stock Falls 1% – Here’s Why

Pop Culture Group Co., Ltd. (NASDAQ:CPOP) fell 1% during mid-day trading on Thursday. The company traded as low as $2.47 and last traded at $2.93. 23,340 shares changed hands during trading, an increase of 56% from the average session volume of 15,003 shares. The stock had previously closed at $2.96.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CPOP shares. Wall Street Zen upgraded shares of Pop Culture Group to a “sell” rating in a research note on Saturday, September 19th. Weiss Ratings restated a “sell (e+)” rating on shares of Pop Culture Group in a research report on Tuesday, September 22nd. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, Pop Culture Group currently has a consensus rating of “Sell”.

Pop Culture Group Stock Down 0.7%

The company has a fifty day moving average of $3.70 and a 200 day moving average of $28.77.

About Pop Culture Group

Pop Culture Group Co, Ltd. (NASDAQ: CPOP) is a China-based culture and entertainment company focused on hip-hop and other youth-oriented cultural content. The company develops and organizes concerts, music festivals, live events and variety programs, and may provide related production and event-management services.

Its business also includes integrated marketing and branding services designed to connect companies with audiences through entertainment and cultural programming. Pop Culture Group supports event planning, promotional campaigns, content production and other activities intended to help brands reach consumers in China.

Founded in 2007, the company has built its operations around Chinese music, live entertainment and popular culture.