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ZJK Industrial (NASDAQ:ZJK) Receives "Sell (D)" Rating from Weiss Ratings

ZJK Industrial logo with Industrials background

Key Points

  • ZJK Industrial has received a "sell (D)" rating from Weiss Ratings, indicating a negative outlook on the stock.
  • On Tuesday, ZJK stock traded down to $2.93, significantly below its 12-month high of $30.50.
  • Institutional investors have been active, with firms like Invesco Ltd. and Geode Capital Management recently acquiring new stakes in ZJK Industrial.
  • Five stocks to consider instead of ZJK Industrial.

ZJK Industrial (NASDAQ:ZJK - Get Free Report)'s stock had its "sell (d)" rating reiterated by equities researchers at Weiss Ratings in a report released on Tuesday,Weiss Ratings reports.

ZJK Industrial Stock Performance

NASDAQ ZJK traded down $0.16 on Tuesday, reaching $2.93. 7,004 shares of the stock traded hands, compared to its average volume of 161,720. The firm's fifty day simple moving average is $3.44 and its 200 day simple moving average is $3.92. ZJK Industrial has a 12 month low of $2.46 and a 12 month high of $30.50.

Hedge Funds Weigh In On ZJK Industrial

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. acquired a new stake in shares of ZJK Industrial during the 1st quarter valued at $223,000. Geode Capital Management LLC lifted its position in shares of ZJK Industrial by 150.0% during the 2nd quarter. Geode Capital Management LLC now owns 42,267 shares of the company's stock valued at $164,000 after acquiring an additional 25,362 shares during the last quarter. Howard Financial Services LTD. acquired a new stake in shares of ZJK Industrial during the 2nd quarter valued at $49,000. Finally, State of Wyoming acquired a new stake in shares of ZJK Industrial during the 2nd quarter valued at $31,000.

ZJK Industrial Company Profile

(Get Free Report)

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.

Further Reading

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