ValuEngine Upgrades ZK International Group (NASDAQ:ZKIN) to “Sell”

ValuEngine upgraded shares of ZK International Group (NASDAQ:ZKIN) from a strong sell rating to a sell rating in a research report released on Wednesday, ValuEngine reports.

ZK International Group stock traded down $0.02 during mid-day trading on Wednesday, reaching $1.74. The company’s stock had a trading volume of 45,291 shares, compared to its average volume of 323,316. The business has a 50 day moving average price of $1.37 and a 200-day moving average price of $1.46. ZK International Group has a twelve month low of $1.05 and a twelve month high of $4.18.

An institutional investor recently raised its position in ZK International Group stock. Renaissance Technologies LLC boosted its holdings in ZK International Group Co Ltd (NASDAQ:ZKIN) by 90.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 353,781 shares of the company’s stock after purchasing an additional 167,837 shares during the quarter. Renaissance Technologies LLC owned approximately 2.14% of ZK International Group worth $503,000 at the end of the most recent quarter. 2.20% of the stock is owned by institutional investors and hedge funds.

ZK International Group Company Profile

ZK International Group Co, Ltd., through its subsidiaries, designs, produces, and sells double-press thin-walled stainless steel, carbon steel, and single-press tubes and fittings in the People's Republic of China. The company offers steel strips, steel pipes, and light gauge stainless steel pipes, as well as pipe connections and fittings, such as couplings, adapters, unions, caps, plug pipes, elbows, three-way fittings, tees, cross, side-inlet elbows, wyes, reducers, bushings, pipe fasteners, and pipe flanges.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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