Zhongchao (NASDAQ:ZCMD) Shares Down 27% – Here’s Why

Zhongchao Inc. (NASDAQ:ZCMDGet Free Report) dropped 27% during mid-day trading on Friday . The stock traded as low as $1.52 and last traded at $1.5550. Approximately 32,522 shares traded hands during trading, an increase of 439% from the average daily volume of 6,029 shares. The stock had previously closed at $2.13.

Zhongchao Trading Down 27.0%

The company’s 50-day simple moving average is $1.89 and its 200-day simple moving average is $3.40.

Zhongchao (NASDAQ:ZCMDGet Free Report) last posted its quarterly earnings results on Friday, April 3rd. The company reported ($0.76) earnings per share (EPS) for the quarter. The business had revenue of $2.89 million for the quarter.

About Zhongchao

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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.

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