Zhongsheng Group (OTCMKTS:ZSHGY) Stock Jumps 7.6% – Here’s What Happened

Zhongsheng Group Holdings Limited (OTCMKTS:ZSHGY – Get Free Report) shares were up 7.6% on Monday. The company traded as high as $3.26 and last traded at $3.22. Approximately 843 shares were traded during trading, a decline of 75% from the average daily volume of 3,332 shares. The stock had previously closed at $2.9925.

Zhongsheng Group Stock Performance

The firm’s 50 day moving average is $4.85 and its 200-day moving average is $6.99.

Zhongsheng Group Company Profile

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Zhongsheng Group Holdings Limited is a China-based automobile retailer and dealership operator. The company sells new vehicles through authorized dealerships for a range of international automotive brands, with a particular focus on premium and luxury marques such as Mercedes-Benz, Lexus and Audi, as well as selected mainstream brands.

In addition to new-vehicle sales, Zhongsheng provides automotive after-sales services, including maintenance, repairs, vehicle parts and accessories. Its business also includes used-vehicle sales and related services such as automobile financing and insurance brokerage, allowing it to serve customers throughout the vehicle ownership cycle.

Founded in 1998, Zhongsheng has developed a dealership and service network in major cities and regions across China.

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