Entrepreneur Universe Bright Group (OTCMKTS:EUBG), announced on September 09, 2022, about changing its auditors from Centurion ZD CPA & Co. (an audit firm with headquarters in Hong Kong) to Prager Metis CPAs, LLC (hired as independent auditors for the fiscal year ended December 31, 2022, effective immediately from September 7, 2022).
Trading Data
On Friday, EUBG stock ended flat at $0.2500 with 10 shares, compared to its average volume 24.64K shares. The stock moved within a range of $0.2500 – 0.2500 after opening trade at $0.1999.
Entrepreneur Universe Bright Group Announces Change Of Auditor To Prager Metis CPAs, LLC
The report of the independent registered public accounting firm of CZD regarding the Company’s financial statements for the fiscal years ended December 31, 2021, and 2020 don’t contain any adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope, or accounting principles.
On August 15, 2022, the company released its unaudited financial results for the second quarter that ended June 30, 2022. Revenue has fallen by 3% to $840,868. Gross profit went up by 8.0% to $727,536, while net income also went up to 117.8% to $265,850.
Mr. Guolin Tao, CEO of Entrepreneur Universe Bright Group, said that business has been heavily impacted due to the Covid-19 pandemic. Offline activities of the Company’s PRC subsidiary were restricted from late January to May 2020, resulting in cancellations or postponements of the marketing efforts of their customers. Due to government-mandated closures of non-essential businesses in China, many of the company’s customers’ businesses were suspended while others permanently closed their businesses.
Technical Data
EUBG stock is trading below the 20-Day and 50-Day Moving averages of $0.2641 and $0.29 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.3522.
