ZK International Group (NASDAQ:ZKIN) Shares Down 0.6%

ZK International Group Co Ltd (NASDAQ:ZKIN)’s stock price fell 0.6% during mid-day trading on Wednesday . The company traded as low as $1.23 and last traded at $1.24, 12,419 shares traded hands during trading. A decline of 22% from the average session volume of 15,921 shares. The stock had previously closed at $1.25.

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

The stock has a fifty day simple moving average of $1.23 and a two-hundred day simple moving average of $1.34.

A hedge fund recently raised its stake in ZK International Group stock. Renaissance Technologies LLC increased its position in ZK International Group Co Ltd (NASDAQ:ZKIN) by 90.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter. Hedge funds and other institutional investors own 2.66% of the company’s stock.

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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