Zeta Network Group (NASDAQ:ZNB) Trading Down 18.8% – Time to Sell?

Zeta Network Group (NASDAQ:ZNB) shares traded down 18.8% during trading on Thursday . The company traded as low as $0.60 and last traded at $0.6467. 747,375 shares traded hands during trading, a decline of 68% from the average session volume of 2,321,094 shares. The stock had previously closed at $0.7960.

Analysts Set New Price Targets

ZNB has been the topic of a number of recent research reports. Wall Street Zen lowered Zeta Network Group from a “hold” rating to a “sell” rating in a report on Sunday, March 22nd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Zeta Network Group in a report on Friday, April 24th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Zeta Network Group has an average rating of “Sell”.

Zeta Network Group Trading Down 18.8%

The business’s 50-day moving average is $1.58 and its two-hundred day moving average is $29.55.

Zeta Network Group (NASDAQ:ZNB) last released its quarterly earnings results on Thursday, June 18th. The company reported ($85.16) earnings per share for the quarter. The company had revenue of $8.45 million for the quarter.

Hedge Funds Weigh In On Zeta Network Group

A hedge fund recently bought a new position in Zeta Network Group stock. OMERS ADMINISTRATION Corp acquired a new position in Zeta Network Group (NASDAQ:ZNB) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 118,285 shares of the company’s stock, valued at approximately $68,000. OMERS ADMINISTRATION Corp owned about 0.08% of Zeta Network Group at the end of the most recent quarter. Institutional investors and hedge funds own 3.44% of the company’s stock.

Zeta Network Group Company Profile

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.