ZJK Industrial (NASDAQ:ZJK) Shares Up 6.3% – Time to Buy?

ZJK Industrial Co., Ltd. (NASDAQ:ZJK)’s share price shot up 6.3% during trading on Monday . The stock traded as high as $2.10 and last traded at $2.02. Approximately 26,278 shares traded hands during mid-day trading, an increase of 3% from the average session volume of 25,635 shares. The stock had previously closed at $1.90.

Analysts Set New Price Targets

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

ZJK Industrial Stock Up 6.3%

The business’s 50 day moving average is $2.43 and its two-hundred day moving average is $2.19.

ZJK Industrial (NASDAQ:ZJK) last issued its earnings results on Wednesday, April 29th. The company reported $0.03 EPS for the quarter. The company had revenue of $15.70 million during the quarter. As a group, equities analysts predict that ZJK Industrial Co., Ltd. will post 0.24 earnings per share for the current fiscal year.

Institutional Trading of ZJK Industrial

Several institutional investors and hedge funds have recently modified their holdings of ZJK. Geode Capital Management LLC raised its stake 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 in the last quarter. Millennium Management LLC bought a new position in shares of ZJK Industrial during the 4th quarter valued at about $52,000. Citadel Advisors LLC bought a new position in shares of ZJK Industrial during the 3rd quarter valued at about $52,000. State of Wyoming purchased a new position in shares of ZJK Industrial during the 2nd quarter valued at about $31,000. Finally, Jane Street Group LLC purchased a new position in shares of ZJK Industrial during the 4th quarter valued at about $26,000.

ZJK Industrial Company Profile

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.