Zhongsheng Group (OTCMKTS:ZSHGY) Stock Jumps 0.7% – Here’s What Happened

Zhongsheng Group Holdings Limited (OTCMKTS:ZSHGY – Get Free Report) was up 0.7% during mid-day trading on Monday. The stock traded as high as $2.81 and last traded at $2.80. 771 shares changed hands during trading, a decline of 75% from the average session volume of 3,053 shares. The stock had previously closed at $2.78.

Zhongsheng Group Stock Performance

The company’s 50 day moving average price is $4.08 and its 200 day moving average price is $8.59.

Zhongsheng Group Company Profile

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Zhongsheng Group Holdings Limited is an automotive retail and services company based in China. The group operates dealerships that sell new vehicles, primarily representing international luxury and premium brands such as Mercedes-Benz, BMW, Lexus and Audi, subject to its brand and dealership agreements.

In addition to new-vehicle sales, Zhongsheng provides a range of automotive services, including used-vehicle sales, vehicle maintenance and repair, replacement parts, automotive accessories, insurance and financing-related services.

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