Zeta Network Group (NASDAQ:ZNB) Hits New 52-Week Low – Here’s Why

Zeta Network Group (NASDAQ:ZNBGet Free Report)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $7.8562 and last traded at $8.90, with a volume of 21854 shares. The stock had previously closed at $10.78.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ZNB. Weiss Ratings reiterated a “sell (e+)” rating on shares of Zeta Network Group in a report on Tuesday, January 27th. Wall Street Zen cut Zeta Network Group from a “hold” rating to a “sell” rating in a research note on Saturday, December 13th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Zeta Network Group currently has a consensus rating of “Sell”.

Check Out Our Latest Stock Analysis on Zeta Network Group

Zeta Network Group Stock Performance

The business’s 50-day moving average is $0.49 and its 200 day moving average is $1.00.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Zeta Network Group stock. OMERS ADMINISTRATION Corp purchased a new stake in Zeta Network Group (NASDAQ:ZNBFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 118,285 shares of the company’s stock, valued at approximately $68,000. OMERS ADMINISTRATION Corp owned approximately 0.08% of Zeta Network Group as of its most recent SEC filing. 3.44% of the stock is currently owned by hedge funds and other institutional investors.

About Zeta Network Group

(Get Free Report)

Color Star Technology Co, Ltd., an entertainment and education company, provides online entertainment performances and music education services in the United States and China. The company operates Color World, an online platform of curriculum that includes music, sports, animation, painting and calligraphy, film and television, life skills, etc. Its Color World platform provides celebrity lectures, celebrity concert videos, celebrity peripheral products, and artist interactive communication services.

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