Zeta Network Group (NASDAQ:ZNB) Stock to Reverse Split on Monday, July 27th

Zeta Network Group (NASDAQ:ZNBFree Report) shares are scheduled to reverse split on Monday, July 27th. The 1-8 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, July 26th.

Zeta Network Group Stock Down 8.8%

Zeta Network Group stock traded down $0.03 during midday trading on Thursday, reaching $0.27. The company’s stock had a trading volume of 1,622,247 shares, compared to its average volume of 984,383. Zeta Network Group has a fifty-two week low of $0.23 and a fifty-two week high of $2,487.50. The business has a 50-day simple moving average of $1.00 and a 200-day simple moving average of $17.73.

Zeta Network Group (NASDAQ:ZNBGet Free Report) last issued its earnings results on Thursday, June 18th. The company reported ($85.16) earnings per share for the quarter. The firm had revenue of $8.45 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Zeta Network Group in a report on Friday, April 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Zeta Network Group presently has an average rating of “Sell”.

View Our Latest Analysis on ZNB

Hedge Funds Weigh In On Zeta Network Group

A hedge fund recently bought a new stake in Zeta Network Group stock. Anson Funds Management LP acquired a new position in shares of Zeta Network Group (NASDAQ:ZNBFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 595,397 shares of the company’s stock, valued at approximately $345,000. Anson Funds Management LP owned about 0.39% of Zeta Network Group as of its most recent filing with the SEC. 3.44% of the stock is owned by hedge funds and other institutional investors.

About Zeta Network Group

(Get Free Report)

Color Star Technology Co, Ltd., an entertainment and education company, provides online entertainment performances and music education services in the United States and China. The company operates Color World, an online platform of curriculum that includes music, sports, animation, painting and calligraphy, film and television, life skills, etc. Its Color World platform provides celebrity lectures, celebrity concert videos, celebrity peripheral products, and artist interactive communication services.

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