Zenta Group (NASDAQ:ZGM) Trading Up 4.3% – Should You Buy?

Shares of Zenta Group Company Limited (NASDAQ:ZGM) shot up 4.3% during mid-day trading on Monday . The stock traded as high as $1.68 and last traded at $1.68. 9,294 shares were traded during trading, an increase of 37% from the average session volume of 6,790 shares. The stock had previously closed at $1.61.

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 investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Zenta Group Stock Performance

The firm’s 50-day moving average price is $2.12.

Hedge Funds Weigh In On Zenta Group

An institutional investor recently bought a new position in Zenta Group stock. Citadel Advisors LLC acquired a new stake in shares of Zenta Group Company Limited (NASDAQ:ZGM) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 28,968 shares of the company’s stock, valued at approximately $98,000. Citadel Advisors LLC owned 0.29% of Zenta Group at the end of the most recent reporting period.

Zenta Group Company Profile

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.