Shenzhou International Group (OTCMKTS:SHZHY) Shares Gap Up - Here's What Happened

Key Points

• Shares gapped up pre-market, opening at $6.3650 versus the prior close of $6.05 and last trading at $6.3125 on light volume (360 shares).
• Zacks Research upgraded the stock to a "Hold" on April 13, and MarketBeat shows a consensus rating of Hold (one analyst).
• Shenzhou is a vertically integrated knitwear manufacturer that supplies major global brands such as Nike, Adidas, Uniqlo and Puma, with 50-day and 200-day moving averages of $7.11 and $7.89, respectively.

Shenzhou International Group Holdings Limited (OTCMKTS:SHZHY - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $6.05, but opened at $6.3650. Shenzhou International Group shares last traded at $6.3125, with a volume of 360 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research upgraded Shenzhou International Group to a "hold" rating in a research report on Monday, April 13th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Shenzhou International Group presently has a consensus rating of "Hold".

Shenzhou International Group Price Performance

The business has a 50-day moving average of $7.11 and a 200-day moving average of $7.89.

Shenzhou International Group Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.