ZK International Group Co., Ltd.’s (ZKIN) Quiet Period Set To Expire on October 11th
ZK International Group Co.’s (NASDAQ:ZKIN) quiet period will expire on Wednesday, October 11th. ZK International Group Co. had issued 1,068,346 shares in its initial public offering on September 1st. The total size of the offering was $5,341,730 based on an initial share price of $5.00. During ZK International Group Co.’s quiet period, underwriters and any insiders involved in the IPO are restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
Shares of ZK International Group Co. (ZKIN) opened at 8.50 on Wednesday. The firm’s market cap is $111.08 million. ZK International Group Co. has a 52-week low of $7.50 and a 52-week high of $10.89. The company’s 50-day moving average is $8.59 and its 200 day moving average is $8.78.
About ZK International Group Co.
ZK International Group Co, Ltd operates through its subsidiary Zhejiang Zhengkang. The Company is engaged in designing and producing pipes and fittings, such as double-press thin-walled stainless steel tubes and fittings, carbon steel tubes and fittings and single-press tubes and fittings. The Company’s product offering includes steel strip, light gauge stainless steel pipe (LGSSP), pipe connections and fittings, fittings to change a pipe’s direction, pipe fittings to connect two or more pipes, pipe fittings to change pipe size and pipe fitting tools.
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