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

Shares of Zhongchao Inc. (NASDAQ:ZCMD) are set to reverse split on Monday, June 8th. The 1-31 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, June 7th.

Zhongchao Stock Down 33.0%

Shares of Zhongchao stock traded down $0.02 during trading on Thursday, reaching $0.04. 156,208,192 shares of the company traded hands, compared to its average volume of 9,130,437. The company has a 50 day moving average price of $1.66 and a 200-day moving average price of $2.79. Zhongchao has a 1-year low of $0.03 and a 1-year high of $12.18.

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

Wall Street Analyst Weigh In

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