Zhongsheng Group (OTCMKTS:ZSHGY) Shares Up 11.2% – Here’s Why

Zhongsheng Group Holdings Limited (OTCMKTS:ZSHGYGet Free Report)’s stock price was up 11.2% during trading on Monday . The company traded as high as $15.25 and last traded at $15.25. Approximately 197 shares traded hands during trading, a decline of 82% from the average daily volume of 1,118 shares. The stock had previously closed at $13.71.

Zhongsheng Group Stock Up 11.2%

The business has a fifty day moving average of $15.35 and a two-hundred day moving average of $16.72.

Zhongsheng Group Company Profile

(Get Free Report)

Zhongsheng Group Holdings Limited, incorporated in 1998 and headquartered in Beijing, is one of China’s leading automotive retail and services providers. The company operates a comprehensive network of dealerships and service centers, offering a one-stop solution for consumers in the premium and luxury vehicle segments. Since its initial public offering on the Hong Kong Stock Exchange in 2009, Zhongsheng has expanded steadily to become a prominent name in China’s automotive retail landscape.

The company’s core business encompasses the sale of new vehicles across a portfolio of international brands, including marquee names in the luxury and premium markets.

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