Zenta Group (NASDAQ:ZGM) Stock Price Down 15.6% – Time to Sell?

Zenta Group Company Limited (NASDAQ:ZGM)’s stock price fell 15.6% during mid-day trading on Thursday . The company traded as low as $1.78 and last traded at $1.78. 3,358 shares were traded during trading, a decline of 45% from the average session volume of 6,090 shares. The stock had previously closed at $2.11.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e-)” rating on shares of Zenta Group in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Zenta Group Price Performance

The company’s fifty day moving average is $2.26.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Zenta Group stock. Citadel Advisors LLC purchased a new stake in shares of Zenta Group Company Limited (NASDAQ:ZGM) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 28,968 shares of the company’s stock, valued at approximately $98,000. Citadel Advisors LLC owned 0.29% of Zenta Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Zenta Group Company Profile

We are a professional services provider in Macau that engages in the provision of industrial park consultation services, business investment consultation services to clients through LIC, and sales of fintech products and services through LFT, our key operating subsidiaries in Macau. For the years ended September 30, 2023 and 2024, industrial park consultation services, business investment consultation services and fintech services were the main sources of revenue for the Group. For the year ended September 30, 2023, we finished 8 projects in industrial park consultation services and 4 projects in business investment consultation services, but the revenue from fintech business was nil.