ZK International Group (NASDAQ:ZKIN) Stock Price Down 2.6% – Here’s Why

ZK International Group Co., Ltd. (NASDAQ:ZKIN) was down 2.6% during trading on Thursday . The stock traded as low as $1.05 and last traded at $1.06. 5,837 shares were traded during mid-day trading, a decline of 61% from the average session volume of 14,858 shares. The stock had previously closed at $1.0887.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of ZK International Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

ZK International Group Stock Performance

The business has a fifty day simple moving average of $1.35 and a 200 day simple moving average of $1.46.

ZK International Group Company Profile

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.