Zentek (NASDAQ:ZTEK) Stock Price Down 0.5% – Should You Sell?

Shares of Zentek Ltd. (NASDAQ:ZTEK) were down 0.5% on Thursday . The company traded as low as $0.7501 and last traded at $0.78. Approximately 90,897 shares traded hands during trading, an increase of 111% from the average daily volume of 43,125 shares. The stock had previously closed at $0.7837.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Zentek in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Zentek Trading Up 11.5%

The firm has a market cap of $93.41 million, a price-to-earnings ratio of -17.40 and a beta of 0.41. The business has a fifty day moving average of $0.74 and a two-hundred day moving average of $0.83. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.53 and a current ratio of 0.79.

About Zentek

Zentek Ltd. (NASDAQ: ZTEK) is a nanotechnology company headquartered in Vancouver, British Columbia, specializing in the development and commercialization of advanced polymer and coating technologies. The company’s core focus is on materials engineered to enhance thermal management, structural performance and acoustic properties across a variety of end markets. By leveraging proprietary polymer chemistry, Zentek designs solutions that address critical performance challenges in energy storage, electronics and safety applications.

Zentek’s product portfolio includes phase-change materials and flexible polymer foams tailored for battery and power electronics thermal management in electric vehicles and stationary energy storage systems.