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

Zhongchao Inc. (NASDAQ:ZCMD)’s stock is going 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 closing bell on Sunday, June 7th.

Zhongchao Stock Down 33.0%

ZCMD traded down $0.02 on Thursday, hitting $0.04. The company’s stock had a trading volume of 156,208,192 shares, compared to its average volume of 40,050,068. The company’s 50 day simple moving average is $1.66 and its 200-day simple moving average is $2.79. Zhongchao has a 12 month low of $0.03 and a 12 month high of $12.18.

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

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Zhongchao in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Zhongchao Company Profile

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.