ZJK Industrial (NASDAQ:ZJK) Trading 0.3% Higher – Here’s What Happened

ZJK Industrial Co., Ltd. (NASDAQ:ZJK) shares shot up 0.3% on Tuesday . The company traded as high as $1.62 and last traded at $1.5750. 15,126 shares changed hands during trading, an increase of 13% from the average session volume of 13,391 shares. The stock had previously closed at $1.57.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of ZJK Industrial from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, May 26th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.

ZJK Industrial Stock Performance

The stock has a 50 day simple moving average of $2.09 and a two-hundred day simple moving average of $2.14.

Institutional Investors Weigh In On ZJK Industrial

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Millennium Management LLC purchased a new stake in ZJK Industrial during the fourth quarter worth about $52,000. Geode Capital Management LLC boosted its holdings in 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 purchasing an additional 25,362 shares during the period. Citadel Advisors LLC purchased a new position in ZJK Industrial in the third quarter valued at $52,000. Jane Street Group LLC acquired a new position in ZJK Industrial during the 4th quarter worth $26,000. Finally, State of Wyoming purchased a new stake in ZJK Industrial during the 2nd quarter worth about $31,000.

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