Zhongchao (NASDAQ:ZCMD) Shares to Reverse Split on Monday, June 8th

Shares of Zhongchao Inc. (NASDAQ:ZCMD) are set to reverse split on the morning of Monday, June 8th. The 1-31 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, June 7th.

Zhongchao Price Performance

Shares of NASDAQ:ZCMD traded down $0.02 during trading on Thursday, reaching $0.04. 156,208,192 shares of the company’s stock traded hands, compared to its average volume of 40,050,068. Zhongchao has a fifty-two week low of $0.03 and a fifty-two week high of $12.18. The company has a 50-day simple moving average of $1.63 and a 200-day simple moving average of $2.76.

Zhongchao (NASDAQ:ZCMD) last posted its earnings results on Friday, April 3rd. The company reported ($0.76) EPS for the quarter. The firm had revenue of $2.89 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Zhongchao in a research report on Friday, May 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

About Zhongchao

Zhongchao Inc provides healthcare information, education, and training services in the People's Republic of China. The company offers online and onsite health information services, healthcare education programs, and healthcare training products, including clinical practice training, open classes of popular medical topics, interactive case studies, academic conference and workshops, continuing education courses, and articles and short videos with educational healthcare content. It also provides customized medical courses and medical training services; and patient management services through online platform under the Zhongxun brand.