StockNews.com Initiates Coverage on Zovio (NYSE:ZVO)

Equities researchers at StockNews.com initiated coverage on shares of Zovio (NYSE:ZVO) in a research note issued on Thursday. The brokerage set a “hold” rating on the stock.

Zovio Price Performance

The company’s 50-day moving average price is $0.01. Zovio has a 52-week low of $0.08 and a 52-week high of $1.79. The firm has a market cap of $3.18 million, a price-to-earnings ratio of -0.08 and a beta of 1.36.

About Zovio

Zovio, Inc operates as an education technology services company that partners with higher education institutions and employers to deliver solutions and learning experiences. It provides student recruitment and enrollment systems, retention strategies, educational tools, and curriculums. The company was founded by Wayne Clugston and Andrew S.