ZJK Industrial (NASDAQ:ZJK) Trading Down 0.6% – Time to Sell?

Shares of ZJK Industrial Co., Ltd. (NASDAQ:ZJK) traded down 0.6% during trading on Friday . The stock traded as low as $1.6774 and last traded at $1.67. 6,185 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 13,300 shares. The stock had previously closed at $1.68.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of ZJK Industrial in a research note on Friday, January 9th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, ZJK Industrial has an average rating of “Sell”.

ZJK Industrial Trading Down 0.6%

The company has a fifty day moving average price of $2.04 and a 200-day moving average price of $2.68.

Hedge Funds Weigh In On ZJK Industrial

Several institutional investors have recently bought and sold shares of the business. State of Wyoming purchased a new position in shares of ZJK Industrial in the 2nd quarter worth $31,000. Jane Street Group LLC bought a new position in shares of ZJK Industrial in the 4th quarter valued at about $26,000. Citadel Advisors LLC purchased a new position in ZJK Industrial in the third quarter worth about $52,000. Millennium Management LLC bought a new stake in ZJK Industrial during the fourth quarter worth approximately $52,000. Finally, Geode Capital Management LLC raised its position in 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 period.

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.