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

Zhongchao Inc. (NASDAQ:ZCMD)’s stock is set to reverse split on the morning of Monday, June 8th. The 1-31 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, June 7th.

Zhongchao Stock Down 33.0%

Shares of ZCMD stock traded down $0.02 during trading hours on Thursday, reaching $0.04. 156,208,192 shares of the company traded hands, compared to its average volume of 9,130,437. 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 price of $1.66 and a 200 day moving average price of $2.79.

Zhongchao (NASDAQ:ZCMD) last posted its quarterly earnings data on Friday, April 3rd. The company reported ($0.76) earnings per share for the quarter. The firm had revenue of $2.89 million during the quarter.

Wall Street Analysts Forecast Growth

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