Zhongchao (NASDAQ:ZCMD) Trading 5.1% Higher – Here’s What Happened

Zhongchao Inc. (NASDAQ:ZCMD) shares were up 5.1% during mid-day trading on Wednesday . The stock traded as high as $0.8066 and last traded at $0.7743. 619,883 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 2,588,333 shares. The stock had previously closed at $0.7366.

Analysts Set New Price Targets

ZCMD has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Zhongchao from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings raised Zhongchao from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, August 24th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Zhongchao Stock Performance

The firm’s 50-day moving average is $1.19 and its two-hundred day moving average is $74.61.

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. It also provides customized medical courses and medical training services; and patient management services through online platform under the Zhongxun brand.