ZJK Industrial (NASDAQ:ZJK) Raised to “Hold” at Zacks Research

ZJK Industrial (NASDAQ:ZJK) was upgraded by stock analysts at Zacks Research to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of ZJK Industrial in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, ZJK Industrial presently has a consensus rating of “Reduce”.

ZJK Industrial Price Performance

Shares of NASDAQ ZJK opened at $1.94 on Thursday. The stock has a 50-day moving average price of $1.99 and a two-hundred day moving average price of $2.58. ZJK Industrial has a 12 month low of $1.45 and a 12 month high of $6.00.

Institutional Trading of ZJK Industrial

Several institutional investors and hedge funds have recently bought and sold shares of ZJK. Geode Capital Management LLC raised its holdings in ZJK Industrial by 150.0% during the 2nd quarter. Geode Capital Management LLC now owns 42,267 shares of the company’s stock valued at $164,000 after buying an additional 25,362 shares during the last quarter. State of Wyoming purchased a new position in shares of ZJK Industrial during the 2nd quarter worth approximately $31,000. Citadel Advisors LLC purchased a new stake in ZJK Industrial in the third quarter worth $52,000. Jane Street Group LLC bought a new position in shares of ZJK Industrial in the 4th quarter worth about $26,000. Finally, Millennium Management LLC bought a new position in shares of ZJK Industrial during the fourth quarter valued at approximately $52,000.

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.