ZJK Industrial (NASDAQ:ZJK) Stock Price Up 4.5% – Here’s What Happened

ZJK Industrial Co., Ltd. (NASDAQ:ZJK)’s share price was up 4.5% during mid-day trading on Friday . The company traded as high as $1.9430 and last traded at $1.85. Approximately 6,875 shares were traded during trading, a decline of 61% from the average daily volume of 17,557 shares. The stock had previously closed at $1.77.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of ZJK Industrial in a research report on Friday, January 9th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, ZJK Industrial presently has a consensus rating of “Sell”.

ZJK Industrial Price Performance

The stock has a 50 day moving average price of $2.27 and a 200 day moving average price of $2.83.

Institutional Trading of ZJK Industrial

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC increased 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 in the last quarter. Citadel Advisors LLC bought a new stake in ZJK Industrial during the third quarter worth about $52,000. Finally, State of Wyoming purchased a new stake in ZJK Industrial in the second quarter worth about $31,000.

ZJK Industrial Company Profile

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.