ZK International Group (NASDAQ:ZKIN) Trading Down 0.7% – Time to Sell?

ZK International Group Co., Ltd. (NASDAQ:ZKIN)’s stock price was down 0.7% on Monday . The stock traded as low as $1.34 and last traded at $1.34. 823,621 shares changed hands during trading, an increase of 4,468% from the average daily volume of 18,032 shares. The stock had previously closed at $1.35.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of ZK International Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 15th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

ZK International Group Trading Down 0.7%

The firm has a 50-day moving average of $1.48 and a 200 day moving average of $1.58. The company has a current ratio of 1.44, a quick ratio of 1.02 and a debt-to-equity ratio of 0.26.

About ZK International Group

ZK International Group Co, Ltd. (“ZKIN”) is a China-based company specializing in the design, manufacture and sale of heating, ventilation and air-conditioning (HVAC) products along with building energy conservation and clean energy utilization systems. The company’s core offerings include terminal climate control products such as radiators, fan coil units and heat exchangers, as well as heating systems including electric boilers, heat pumps and solar water heaters. ZKIN’s integrated solutions are designed to improve energy efficiency in residential, commercial and industrial settings.

In addition to its terminal climate control and heating product lines, ZKIN develops clean energy utilization systems that leverage solar thermal technology and thermal storage to reduce reliance on fossil fuels.