Zenta Group (NASDAQ:ZGM) Stock Price Down 3.2% – Should You Sell?

Zenta Group Company Limited (NASDAQ:ZGM) was down 3.2% during mid-day trading on Wednesday . The company traded as low as $2.10 and last traded at $2.13. Approximately 3,979 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 18,559 shares. The stock had previously closed at $2.20.

Wall Street Analysts Forecast Growth

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

Zenta Group Stock Performance

The company has a fifty day simple moving average of $2.47.

Hedge Funds Weigh In On Zenta Group

An institutional investor recently bought a new position in Zenta Group stock. Citadel Advisors LLC bought a new position in shares of Zenta Group Company Limited (NASDAQ:ZGM) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 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

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.