ZJK Industrial (NASDAQ:ZJK) Stock Price Up 3.5% - Here's Why

Key Points

• Shares of ZJK Industrial rose by 3.5%, reaching a high of $3.38 during trading before closing at $3.25.
• Trading volume significantly decreased, with around 15,807 shares changing hands, which is 70% less than the average daily volume.
• Notable institutional activity includes a new stake valued at $561,000 by PEAK6 LLC and a 150.0% increase in Geode Capital Management’s holdings.

Shares of ZJK Industrial Co., Ltd. (NASDAQ:ZJK - ) rose 3.5% during mid-day trading on Monday . The stock traded as high as $3.38 and last traded at $3.25. Approximately 15,807 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 52,178 shares. The stock had previously closed at $3.14.

ZJK Industrial Price Performance

The company's fifty day moving average is $3.61 and its 200-day moving average is $4.76.

Institutional Investors Weigh In On ZJK Industrial

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PEAK6 LLC bought a new stake in shares of ZJK Industrial during the 4th quarter valued at $561,000. Geode Capital Management LLC grew 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 period. Howard Financial Services LTD. bought a new stake in shares of ZJK Industrial during the 2nd quarter valued at $49,000. Finally, Invesco Ltd. bought a new stake in shares of ZJK Industrial during the 1st quarter valued at $223,000.

About ZJK Industrial

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.

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