Zhongchao (NASDAQ:ZCMD) Shares Down 3.2% – Here’s Why

Shares of Zhongchao Inc. (NASDAQ:ZCMD) fell 3.2% on Monday . The company traded as low as $0.5623 and last traded at $0.5809. 7,207 shares changed hands during trading, a decline of 45% from the average session volume of 13,029 shares. The stock had previously closed at $0.60.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Zhongchao in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Zhongchao Stock Down 4.6%

The firm’s 50 day moving average price is $0.67 and its 200-day moving average price is $0.95.

Zhongchao (NASDAQ:ZCMD) last announced its quarterly earnings results on Monday, September 29th. The company reported ($0.02) earnings per share for the quarter. The company had revenue of $2.80 million for the quarter.

Zhongchao Company Profile

Zhongchao Inc provides healthcare information, education, and training services in the People's Republic of China. The company offers online and onsite health information services, healthcare education programs, and healthcare training products, including clinical practice training, open classes of popular medical topics, interactive case studies, academic conference and workshops, continuing education courses, and articles and short videos with educational healthcare content.