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

Zeta Network Group (NASDAQ:ZNB) shares are going 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 closing bell on Sunday, July 26th.

Zeta Network Group Trading Down 8.8%

NASDAQ ZNB traded down $0.03 during trading hours on Thursday, hitting $0.27. 1,622,247 shares of the stock were exchanged, compared to its average volume of 984,383. Zeta Network Group has a 12-month low of $0.23 and a 12-month high of $2,487.50. The stock has a 50-day moving average of $1.00 and a 200 day moving average of $17.73.

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

Wall Street Analyst Weigh In

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

Institutional Trading of Zeta Network Group

A hedge fund recently bought a new stake in Zeta Network Group stock. Anson Funds Management LP acquired a new position in shares of Zeta Network Group (NASDAQ:ZNB) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 595,397 shares of the company’s stock, valued at approximately $345,000. Anson Funds Management LP owned approximately 0.39% of Zeta Network Group at the end of the most recent quarter. Institutional investors own 3.44% of the company’s stock.

About Zeta Network Group

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.