ZK International Group (NASDAQ:ZKIN) Stock Price Up 5.9%

ZK International Group Co., Ltd. (NASDAQ:ZKIN) rose 5.9% during trading on Wednesday . The company traded as high as $3.49 and last traded at $3.43. Approximately 368,213 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 2,528,149 shares. The stock had previously closed at $3.24.

The firm has a 50 day simple moving average of $4.26.

Several institutional investors have recently added to or reduced their stakes in the stock. Voloridge Investment Management LLC purchased a new stake in shares of ZK International Group during the first quarter valued at $2,114,000. Citadel Advisors LLC purchased a new stake in shares of ZK International Group during the first quarter valued at $229,000. Jane Street Group LLC purchased a new stake in shares of ZK International Group during the first quarter valued at $503,000. Van ECK Associates Corp purchased a new stake in shares of ZK International Group during the first quarter valued at $138,000. Finally, UBS Group AG purchased a new stake in shares of ZK International Group during the first quarter valued at $32,000. 2.22% of the stock is currently owned by institutional investors.

About ZK International Group (NASDAQ:ZKIN)

ZK International Group Co, Ltd., through its subsidiaries, engages in the designing, producing, and selling double-press thin-walled stainless steel, carbon steel, and single-press tubes and fittings in the People's Republic of China. It offers carbon and stainless steel strips; carbon and stainless steel pipes; light gauge stainless steel pipes; pipe connections and fittings; and couplings, adapters, unions, caps, plug pipes, elbows, three-way fittings, tees, cross, side-inlet elbows, wyes, reducers, bushings, pipe fasteners, and pipe flanges.

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