Zenta Group (NASDAQ:ZGM) Stock Price Up 4.3% – Here’s What Happened

Zenta Group Company Limited (NASDAQ:ZGM) rose 4.3% during mid-day trading on Monday . The company traded as high as $1.68 and last traded at $1.68. Approximately 9,294 shares were traded during trading, an increase of 37% from the average daily volume of 6,790 shares. The stock had previously closed at $1.61.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e-)” rating on shares of Zenta Group in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Zenta Group presently has a consensus rating of “Sell”.

Zenta Group Trading Up 14.5%

The firm’s fifty day moving average is $2.07 and its 200-day moving average is $2.58.

Institutional Trading of Zenta Group

A hedge fund recently bought a new stake in Zenta Group stock. Citadel Advisors LLC purchased a new stake in Zenta Group Company Limited (NASDAQ:ZGM) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 28,968 shares of the company’s stock, valued at approximately $98,000. Citadel Advisors LLC owned approximately 0.29% of Zenta Group at the end of the most recent reporting period.

About Zenta Group

We are a professional services provider in Macau that engages in the provision of industrial park consultation services, business investment consultation services to clients through LIC, and sales of fintech products and services through LFT, our key operating subsidiaries in Macau. For the years ended September 30, 2023 and 2024, industrial park consultation services, business investment consultation services and fintech services were the main sources of revenue for the Group. For the year ended September 30, 2023, we finished 8 projects in industrial park consultation services and 4 projects in business investment consultation services, but the revenue from fintech business was nil.