ZK International Group Co., Ltd. (NASDAQ:ZKIN)’s share price traded up 5.9% during trading on Wednesday . The company traded as high as $3.49 and last traded at $3.43. 368,213 shares were traded during mid-day trading, a decline of 85% from the average session volume of 2,528,149 shares. The stock had previously closed at $3.24.
The firm has a fifty day moving average of $4.26.
Several institutional investors have recently made changes to their positions in ZKIN. Renaissance Technologies LLC boosted its holdings in shares of ZK International Group by 1.9% in the 4th quarter. Renaissance Technologies LLC now owns 413,071 shares of the company’s stock worth $1,070,000 after purchasing an additional 7,700 shares during the period. Virtu Financial LLC boosted its holdings in shares of ZK International Group by 302.1% in the 4th quarter. Virtu Financial LLC now owns 48,233 shares of the company’s stock worth $125,000 after purchasing an additional 36,239 shares during the period. UBS Group AG purchased a new position in shares of ZK International Group in the 1st quarter worth approximately $32,000. Van ECK Associates Corp purchased a new position in shares of ZK International Group in the 1st quarter worth approximately $138,000. Finally, Jane Street Group LLC bought a new stake in shares of ZK International Group during the 1st quarter worth approximately $503,000. Hedge funds and other institutional investors own 2.22% of the company’s stock.
ZK International Group Co, Ltd., through its subsidiaries, engages in the designing, producing, and selling double-press thin-walled stainless steel, carbon steel, and single-press tubes and fittings in the People's Republic of China. It offers carbon and stainless steel strips; carbon and stainless steel pipes; light gauge stainless steel pipes; pipe connections and fittings; and couplings, adapters, unions, caps, plug pipes, elbows, three-way fittings, tees, cross, side-inlet elbows, wyes, reducers, bushings, pipe fasteners, and pipe flanges.
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