Zenta Group (NASDAQ:ZGM) Shares Down 1.6% – Time to Sell?
by Amy Steele · The Cerbat GemZenta Group Company Limited (NASDAQ:ZGM – Get Free Report) shares were down 1.6% during trading on Tuesday . The company traded as low as $1.54 and last traded at $1.6240. Approximately 2,838 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 10,706 shares. The stock had previously closed at $1.65.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a “sell (e-)” rating on shares of Zenta Group in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.
Read Our Latest Stock Report on Zenta Group
Zenta Group Stock Performance
The company’s 50-day moving average is $1.78 and its 200 day moving average is $2.38.
Hedge Funds Weigh In On Zenta Group
A hedge fund recently bought a new stake in Zenta Group stock. Citadel Advisors LLC acquired a new stake in Zenta Group Company Limited (NASDAQ:ZGM – Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 28,968 shares of the company’s stock, valued at approximately $98,000. Citadel Advisors LLC owned approximately 0.29% of Zenta Group at the end of the most recent quarter.
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.