Zhongchao (NASDAQ:ZCMD) Stock Price Down 3.2% – Here’s What Happened

Zhongchao Inc. (NASDAQ:ZCMD)’s stock price was down 3.2% during mid-day trading on Monday . The company traded as low as $0.5623 and last traded at $0.5809. Approximately 7,207 shares were traded during trading, a decline of 45% from the average daily volume of 13,029 shares. The stock had previously closed at $0.60.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Zhongchao in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Zhongchao Price Performance

The stock has a 50-day simple moving average of $0.68 and a two-hundred day simple moving average of $0.95.

Zhongchao (NASDAQ:ZCMD) last announced its quarterly earnings results on Monday, September 29th. The company reported ($0.02) EPS for the quarter. The firm had revenue of $2.80 million for the quarter.

Zhongchao Company Profile

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.