Zenta Group (NASDAQ:ZGM) Shares Down 15.6% – Here’s What Happened

Zenta Group Company Limited (NASDAQ:ZGM)’s share price dropped 15.6% during trading on Thursday . The stock traded as low as $1.78 and last traded at $1.78. Approximately 3,358 shares were traded during trading, a decline of 45% from the average daily volume of 6,090 shares. The stock had previously closed at $2.11.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e-)” rating on shares of Zenta Group in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Zenta Group Stock Performance

The firm has a 50-day moving average price of $2.26.

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 stake in shares of Zenta Group Company Limited (NASDAQ:ZGM) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 28,968 shares of the company’s stock, valued at approximately $98,000. Citadel Advisors LLC owned about 0.29% of Zenta Group at the end of the most recent quarter.

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.