ZK International Group (NASDAQ:ZKIN) Trading 8.9% Higher

Shares of ZK International Group Co Ltd (NASDAQ:ZKIN) rose 8.9% during mid-day trading on Wednesday . The stock traded as high as $1.71 and last traded at $1.71, approximately 425,950 shares traded hands during trading. An increase of 216% from the average daily volume of 134,595 shares. The stock had previously closed at $1.57.

Separately, ValuEngine upgraded ZK International Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd.

The company has a 50 day moving average of $1.38 and a two-hundred day moving average of $1.34.

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% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 353,781 shares of the company’s stock after acquiring an additional 167,837 shares during the quarter. Renaissance Technologies LLC owned about 2.14% of ZK International Group worth $503,000 as of its most recent SEC filing. 2.75% of the stock is owned by institutional investors.

ZK International Group Company Profile (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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