Zhongsheng Group (OTCMKTS:ZSHGY) Stock Price Down 21.1% – Here’s Why

Zhongsheng Group Holdings Limited (OTCMKTS:ZSHGYGet Free Report)’s share price dropped 21.1% on Monday . The stock traded as low as $16.80 and last traded at $16.80. Approximately 4,032 shares traded hands during mid-day trading, an increase of 7% from the average daily volume of 3,752 shares. The stock had previously closed at $21.28.

Zhongsheng Group Trading Down 21.1 %

The company has a 50 day simple moving average of $19.48 and a 200-day simple moving average of $16.53.

Zhongsheng Group Company Profile

(Get Free Report)

Zhongsheng Group Holdings Limited, an investment holding company, engages in the sale and service of motor vehicles in the People's Republic of China. The company operates 4S dealerships for various automobile brands consisting of luxury automobile brands, including Mercedes-Benz, Lexus, BMW, Audi, Jaguar Land Rover, Porsche, and Volvo; and mid-to-high end automobile brands, such as Toyota, Honda, and Nissan.

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