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

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

Zhongchao Stock Down 11.2%

ZCMD traded down $0.05 on Thursday, hitting $0.36. 436,453 shares of the company’s stock traded hands, compared to its average volume of 2,305,770. The company’s 50 day simple moving average is $33.34 and its 200-day simple moving average is $69.72. Zhongchao has a one year low of $0.35 and a one year high of $322.62.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Zhongchao from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Zhongchao currently 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.