Zeta Network Group (NASDAQ:ZNB) Downgraded to “Sell” Rating by Wall Street Zen

Zeta Network Group (NASDAQ:ZNB) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Sunday.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Zeta Network Group in a report on Tuesday, January 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Zeta Network Group currently has a consensus rating of “Sell”.

Zeta Network Group Stock Down 11.2%

ZNB opened at $2.93 on Friday. Zeta Network Group has a twelve month low of $2.80 and a twelve month high of $2,800.00. The firm’s 50-day simple moving average is $39.54 and its 200-day simple moving average is $93.13.

Hedge Funds Weigh In On Zeta Network Group

A hedge fund recently bought a new stake in Zeta Network Group stock. Anson Funds Management LP acquired a new stake in Zeta Network Group (NASDAQ:ZNB) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 595,397 shares of the company’s stock, valued at approximately $345,000. Anson Funds Management LP owned approximately 0.39% of Zeta Network Group at the end of the most recent reporting period. Institutional investors own 3.44% of the company’s stock.

Zeta Network Group Company Profile

Color Star Technology Co, Ltd., an entertainment and education company, provides online entertainment performances and music education services in the United States and China. The company operates Color World, an online platform of curriculum that includes music, sports, animation, painting and calligraphy, film and television, life skills, etc. Its Color World platform provides celebrity lectures, celebrity concert videos, celebrity peripheral products, and artist interactive communication services.