ZJK Industrial (NASDAQ:ZJK) Shares Down 0.8% – What’s Next?

ZJK Industrial Co., Ltd. (NASDAQ:ZJK) shares fell 0.8% on Wednesday . The stock traded as low as $2.26 and last traded at $2.36. 22,302 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 159,141 shares. The stock had previously closed at $2.38.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of ZJK Industrial in a report on Friday, August 21st. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce”.

ZJK Industrial Price Performance

The business has a 50 day simple moving average of $1.93 and a 200 day simple moving average of $2.13.

Institutional Investors Weigh In On ZJK Industrial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC bought a new position in shares of ZJK Industrial in the fourth quarter worth about $52,000. Geode Capital Management LLC grew its stake in shares of ZJK Industrial by 150.0% during the second quarter. Geode Capital Management LLC now owns 42,267 shares of the company’s stock valued at $164,000 after purchasing an additional 25,362 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of ZJK Industrial in the third quarter valued at approximately $52,000. Jane Street Group LLC acquired a new stake in shares of ZJK Industrial in the fourth quarter valued at approximately $26,000. Finally, State of Wyoming bought a new position in ZJK Industrial in the 2nd quarter worth approximately $31,000.

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.