Zhongsheng Group (OTCMKTS:ZSHGY) Stock Price Up 5.6%

Zhongsheng Group Holdings Limited (OTCMKTS:ZSHGY)’s share price shot up 5.6% on Wednesday . The stock traded as high as $68.65 and last traded at $68.65. 253 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 1,300 shares. The stock had previously closed at $65.00.

Separately, Jefferies Financial Group upgraded shares of Zhongsheng Group from a “hold” rating to a “buy” rating in a research note on Monday, January 25th.

The business’s 50 day moving average is $65.07 and its 200-day moving average is $64.40.

About Zhongsheng Group (OTCMKTS:ZSHGY)

Zhongsheng Group Holdings Limited, an investment holding company, engages in the sale and service of motor vehicles. The company operates 4S dealerships for various automobile brands consisting of luxury automobile brands, including Mercedes-Benz, Lexus, Audi, Jaguar, Land Rover, Porsche, Chrysler, Volvo, and Imported Volkswagen; and mid-to-high end automobile brands, such as Toyota and Nissan.

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