Zenta Group Company Limited’s Lock-Up Period To Expire on March 9th (NASDAQ:ZGM)

Zenta Group’s (NASDAQ:ZGMGet Free Report) lock-up period will end on Monday, March 9th. Zenta Group had issued 1,500,000 shares in its IPO on September 9th. The total size of the offering was $6,000,000 based on an initial share price of $4.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the expiration of the lock-up period.

Analyst Ratings Changes

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

View Our Latest Stock Analysis on ZGM

Zenta Group Stock Performance

ZGM stock opened at $1.90 on Monday. Zenta Group has a 52-week low of $1.73 and a 52-week high of $4.51. The business’s fifty day simple moving average is $2.25.

Institutional Investors Weigh In On Zenta Group

An institutional investor recently bought a new position in Zenta Group stock. Citadel Advisors LLC purchased a new position in shares of Zenta Group Company Limited (NASDAQ:ZGMFree Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 SEC filing.

About Zenta Group

(Get Free Report)

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.

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