Zhongsheng Group (OTCMKTS:ZSHGY) Shares Down 19.9% – Here’s Why

Zhongsheng Group Holdings Limited (OTCMKTS:ZSHGYGet Free Report) shares were down 19.9% during trading on Thursday . The company traded as low as $14.05 and last traded at $14.05. Approximately 1,543 shares changed hands during trading, an increase of 75% from the average daily volume of 880 shares. The stock had previously closed at $17.55.

Zhongsheng Group Price Performance

The stock has a 50-day moving average of $14.92 and a 200-day moving average of $16.69.

Zhongsheng Group Company Profile

(Get Free Report)

Zhongsheng Group Holdings Limited, incorporated in 1998 and headquartered in Beijing, is one of China’s leading automotive retail and services providers. The company operates a comprehensive network of dealerships and service centers, offering a one-stop solution for consumers in the premium and luxury vehicle segments. Since its initial public offering on the Hong Kong Stock Exchange in 2009, Zhongsheng has expanded steadily to become a prominent name in China’s automotive retail landscape.

The company’s core business encompasses the sale of new vehicles across a portfolio of international brands, including marquee names in the luxury and premium markets.

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