Zhongsheng Group Holdings Limited (OTCMKTS:ZSHGY – Get Free Report) shares fell 19.9% on Thursday . The company traded as low as $14.05 and last traded at $14.05. 1,543 shares traded hands during mid-day trading, an increase of 75% from the average session volume of 880 shares. The stock had previously closed at $17.55.
Zhongsheng Group Stock Down 19.9%
The stock’s 50 day simple moving average is $14.92 and its 200 day simple moving average is $16.69.
About Zhongsheng Group
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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