Zhongsheng Group (OTCMKTS:ZSHGY) Shares Down 13.4% – Here’s Why

Zhongsheng Group Holdings Limited (OTCMKTS:ZSHGYGet Free Report) shares fell 13.4% on Friday . The stock traded as low as $13.95 and last traded at $13.95. 111 shares changed hands during trading, a decline of 90% from the average session volume of 1,164 shares. The stock had previously closed at $16.10.

Zhongsheng Group Stock Performance

The firm’s 50 day moving average is $16.87 and its two-hundred day moving average is $16.83.

Zhongsheng Group Company Profile

(Get Free Report)

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

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