Shenzhou International Group (OTCMKTS:SHZHY) Reaches New 1-Year Low - Here's Why

Key Points

• SHZHY hit a new 52-week low of $5.79 on Thursday (previous close $6.04) with roughly 3,304 shares traded.
• Analysts have a consensus Hold rating on the stock after Zacks Research raised it to "hold" on April 13.
• The stock is trading below its 50-day ($6.67) and 200-day ($7.75) moving averages, while the company remains a large vertically integrated knitwear supplier to brands like Nike, Adidas, Uniqlo and Puma.

Shenzhou International Group Holdings Limited (OTCMKTS:SHZHY - Get Free Report)'s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $5.79 and last traded at $5.79, with a volume of 3304 shares changing hands. The stock had previously closed at $6.04.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Shenzhou International Group to a "hold" rating in a report on Monday, April 13th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Shenzhou International Group has an average rating of "Hold".

Shenzhou International Group Stock Performance

The firm's 50-day moving average is $6.67 and its two-hundred day moving average is $7.75.

About Shenzhou International Group

Shenzhou International Group Holdings Limited operates as a vertically integrated knitwear manufacturer, providing design, sourcing, knitting, dyeing, cutting and sewing services for major global apparel brands. Founded in 1992 and headquartered in Ningbo, Zhejiang Province, the company has grown from a single factory into one of China’s largest garment producers. Its comprehensive production network encompasses strategic locations throughout eastern and western China, enabling efficient supply chain management and capacity to meet demand across multiple seasons.

The company’s primary offerings include knitted sportswear, casual wear and performance apparel, which it supplies to internationally recognized partners such as Nike, Adidas, Uniqlo and Puma.

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