Zhongsheng Group (OTCMKTS:ZSHGY) Stock Price Up 6.4% – What’s Next?

Zhongsheng Group Holdings Limited (OTCMKTS:ZSHGY) shares shot up 6.4% during mid-day trading on Friday . The stock traded as high as $16.50 and last traded at $16.50. 208 shares changed hands during mid-day trading, a decline of 95% from the average session volume of 3,985 shares. The stock had previously closed at $15.51.

Zhongsheng Group Stock Performance

The business’s 50-day simple moving average is $14.40 and its two-hundred day simple moving average is $16.05.

Zhongsheng Group Company Profile

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.