ZJK Industrial (NASDAQ:ZJK) Stock Price Up 1.7% – Time to Buy?

ZJK Industrial Co., Ltd. (NASDAQ:ZJK) shares traded up 1.7% during mid-day trading on Tuesday . The stock traded as high as $2.46 and last traded at $2.38. 11,604 shares changed hands during trading, a decline of 56% from the average session volume of 26,374 shares. The stock had previously closed at $2.34.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ZJK shares. Weiss Ratings raised shares of ZJK Industrial from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, May 26th. Zacks Research raised shares of ZJK Industrial to a “hold” rating in a research note on Thursday, March 12th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce”.

ZJK Industrial Price Performance

The firm has a 50-day moving average of $2.54 and a 200 day moving average of $2.25.

ZJK Industrial (NASDAQ:ZJK) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $15.70 million for the quarter. Equities analysts anticipate that ZJK Industrial Co., Ltd. will post 0.24 earnings per share for the current year.

Institutional Investors Weigh In On ZJK Industrial

Several institutional investors have recently bought and sold shares of ZJK. Jane Street Group LLC bought a new position in ZJK Industrial in the 4th quarter valued at about $26,000. State of Wyoming bought a new stake in shares of ZJK Industrial during the 2nd quarter worth about $31,000. Millennium Management LLC bought a new stake in shares of ZJK Industrial during the 4th quarter worth about $52,000. Citadel Advisors LLC acquired a new stake in shares of ZJK Industrial in the 3rd quarter worth approximately $52,000. Finally, Geode Capital Management LLC lifted its stake in shares of ZJK Industrial by 150.0% in the 2nd quarter. Geode Capital Management LLC now owns 42,267 shares of the company’s stock worth $164,000 after acquiring an additional 25,362 shares during the period.

About ZJK Industrial

ZJK Industrial Co Ltd. is a high-tech enterprise specialized in manufacturing and sale of precision fasteners, structural parts and other precision metal parts products applied in a variety of industries, including intelligent electronic equipment, new energy vehicles, aerospace, energy storage systems and liquid cooling systems used in artificial intelligence supercomputers. ZJK Industrial Co Ltd. is based in Shenzhen, China.