ZK International Group (NASDAQ:ZKIN) Trading 11% Higher

ZK International Group Co Ltd (NASDAQ:ZKIN)’s stock price traded up 11% during trading on Thursday . The stock traded as high as $1.32 and last traded at $1.31, 251,626 shares traded hands during mid-day trading. A decline of 17% from the average session volume of 302,740 shares. The stock had previously closed at $1.18.

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

The company’s 50-day moving average is $1.44 and its 200 day moving average is $1.46.

An institutional investor recently raised its position in ZK International Group stock. Renaissance Technologies LLC lifted its position in ZK International Group Co Ltd (NASDAQ:ZKIN) by 90.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. 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 approximately 2.14% of ZK International Group worth $503,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 2.20% 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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