ZJK Industrial (NASDAQ:ZJK) Stock Price Up 4.5% – Here’s What Happened

ZJK Industrial Co., Ltd. (NASDAQ:ZJK) traded up 4.5% during trading on Friday . The company traded as high as $1.9430 and last traded at $1.85. 6,875 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 17,557 shares. The stock had previously closed at $1.77.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of ZJK Industrial in a report on Friday, January 9th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, ZJK Industrial presently has an average rating of “Sell”.

ZJK Industrial Trading Up 4.5%

The company has a 50-day moving average of $2.27 and a 200 day moving average of $2.82.

Institutional Investors Weigh In On ZJK Industrial

Hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC bought a new position in ZJK Industrial during the 3rd quarter valued at about $52,000. State of Wyoming acquired a new stake in shares of ZJK Industrial during the second quarter worth approximately $31,000. Finally, Geode Capital Management LLC raised its stake in shares of ZJK Industrial by 150.0% in the second 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.

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. ZJK Industrial Co Ltd. is based in Shenzhen, China.