Zhongchao (NASDAQ:ZCMD) Stock Price Down 3.2% – Should You Sell?

Zhongchao Inc. (NASDAQ:ZCMD)’s share price was down 3.2% during mid-day trading on Monday . The stock traded as low as $0.5623 and last traded at $0.5809. Approximately 7,207 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 13,029 shares. The stock had previously closed at $0.60.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Zhongchao in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Zhongchao Stock Down 3.2%

The stock’s 50 day moving average is $0.68 and its 200-day moving average is $0.95.

Zhongchao (NASDAQ:ZCMD) last posted its quarterly earnings data on Monday, September 29th. The company reported ($0.02) earnings per share for the quarter. The business had revenue of $2.80 million during the quarter.

Zhongchao Company Profile

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.