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

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

Zhongchao Price Performance

ZCMD stock traded down $0.05 during mid-day trading on Thursday, reaching $0.36. The company had a trading volume of 436,453 shares, compared to its average volume of 390,785. The firm has a 50 day moving average of $34.55 and a 200 day moving average of $70.87. Zhongchao has a 12 month low of $0.35 and a 12 month high of $322.62.

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

Analyst Ratings Changes

Separately, Weiss Ratings raised Zhongchao from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average 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.