Zenta Group Company Limited’s Lock-Up Period Set To Expire on March 9th (NASDAQ:ZGM)

Zenta Group’s (NASDAQ:ZGMGet Free Report) lock-up period will end on Monday, March 9th. Zenta Group had issued 1,500,000 shares in its IPO on September 9th. The total size of the offering was $6,000,000 based on an initial share price of $4.00. After the end of Zenta Group’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e-)” rating on shares of Zenta Group in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

View Our Latest Analysis on Zenta Group

Zenta Group Stock Performance

Shares of NASDAQ ZGM opened at $1.90 on Monday. The company has a 50-day simple moving average of $2.25. Zenta Group has a 52 week low of $1.73 and a 52 week high of $4.51.

Institutional Investors 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:ZGMFree Report) during the third quarter, according to the company in its most recent filing with the 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 as of its most recent filing with the SEC.

Zenta Group Company Profile

(Get Free Report)

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.

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