Pop Culture Group (NASDAQ:CPOP) Shares Down 7.9% – Here’s Why

Pop Culture Group Co., Ltd. (NASDAQ:CPOP)’s stock price dropped 7.9% on Thursday. The stock traded as low as $3.25 and last traded at $3.39. 20,104 shares changed hands during trading, a decline of 96% from the average session volume of 568,305 shares. The stock had previously closed at $3.68.

Analyst Ratings Changes

CPOP has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Pop Culture Group in a research report on Tuesday, September 22nd. Wall Street Zen upgraded Pop Culture Group to a “sell” rating in a report on Saturday, September 19th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the company presently has a consensus rating of “Sell”.

Pop Culture Group Stock Up 2.9%

The business’s fifty day simple moving average is $4.39 and its two-hundred day simple moving average is $23.44.

About Pop Culture Group

Pop Culture Group Co, Ltd. is a Chinese culture and entertainment company focused on developing and promoting hip-hop culture and related cultural content. The company provides event planning, production, execution and management services for concerts, performances, competitions and other live entertainment activities.

Its services also include integrated marketing and promotional support for brands and event sponsors, as well as the creation and distribution of entertainment and digital media content.