ZK International Group (NASDAQ:ZKIN) Trading 5.4% Higher

ZK International Group Co Ltd (NASDAQ:ZKIN)’s share price shot up 5.4% on Wednesday . The stock traded as high as $1.79 and last traded at $1.76, 181,200 shares were traded during trading. A decline of 44% from the average session volume of 324,906 shares. The stock had previously closed at $1.67.

Separately, ValuEngine upgraded ZK International Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday.

The business has a fifty day moving average price of $1.37 and a 200 day moving average price of $1.46.

An institutional investor recently raised its position in ZK International Group stock. Renaissance Technologies LLC boosted its stake in ZK International Group Co Ltd (NASDAQ:ZKIN) by 90.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 353,781 shares of the company’s stock after buying an additional 167,837 shares during the period. Renaissance Technologies LLC owned 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.

About ZK International Group (NASDAQ:ZKIN)

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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