Zerostack (NASDAQ:ZSTK) Shares Down 2.1% – Time to Sell?

Zerostack Corp. (NASDAQ:ZSTK)’s stock price traded down 2.1% on Monday. The company traded as low as $3.07 and last traded at $3.21. Approximately 8,707 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 25,416 shares. The stock had previously closed at $3.28.

Wall Street Analyst Weigh In

Separately, Weiss Ratings assumed coverage on Zerostack in a report on Thursday, August 20th. They issued a “sell (e+)” rating for the company. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Zerostack Stock Up 0.8%

The stock has a market capitalization of $66.44 million, a P/E ratio of -0.27 and a beta of 1.94. The company’s 50 day simple moving average is $4.50.

About Zerostack

Flora Growth Corp., a cannabis company, cultivates, processes, and supplies cannabis products to pharmacies, medical clinics, and cosmetic companies worldwide. It cultivates, processes, and supplies medicinal-grade cannabis oil, and cannabis oil extracts and related products; manufactures and sells skincare and beauty products, such as gel cleanser, eye cream, moisturizer, and hydrating mask; manufactures dermo cosmetic products; and develops and sells pharmaceutical and over-the-counter products, including dietary supplements, phytotherapeutic and nutraceutical products, supplements, and related products.