Zeta Network Group (NASDAQ:ZNB) Stock Price Down 8.4% – What’s Next?

Zeta Network Group (NASDAQ:ZNB)’s share price dropped 8.4% during trading on Tuesday . The stock traded as low as $0.2120 and last traded at $0.2148. Approximately 1,346,402 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 2,950,527 shares. The stock had previously closed at $0.2345.

Wall Street Analysts Forecast Growth

ZNB has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Zeta Network Group in a report on Tuesday, January 27th. Wall Street Zen cut shares of Zeta Network Group from a “hold” rating to a “sell” rating in a research report on Saturday, December 13th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Zeta Network Group Stock Performance

The stock has a 50-day simple moving average of $0.63 and a 200-day simple moving average of $2.04.

Institutional Investors Weigh In On Zeta Network Group

An institutional investor recently bought a new position in Zeta Network Group stock. OMERS ADMINISTRATION Corp acquired a new position in Zeta Network Group (NASDAQ:ZNB) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 118,285 shares of the company’s stock, valued at approximately $68,000. OMERS ADMINISTRATION Corp owned approximately 0.08% of Zeta Network Group as of its most recent SEC filing. Institutional investors own 3.44% of the company’s stock.

About Zeta Network Group

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.