ZK International Group (NASDAQ:ZKIN) Stock Price Down 4.2% – Should You Sell?

ZK International Group Co., Ltd. (NASDAQ:ZKIN) was down 4.2% during mid-day trading on Monday . The company traded as low as $1.52 and last traded at $1.58. Approximately 92,524 shares traded hands during mid-day trading, an increase of 463% from the average daily volume of 16,420 shares. The stock had previously closed at $1.65.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of ZK International Group in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, ZK International Group presently has an average rating of “Sell”.

ZK International Group Price Performance

The firm’s fifty day simple moving average is $2.23 and its 200-day simple moving average is $2.20.

ZK International Group (NASDAQ:ZKIN) last announced its earnings results on Monday, September 29th. The company reported ($0.08) earnings per share (EPS) for the quarter. The company had revenue of $20.00 million for the quarter.

About ZK International Group

ZK International Group Co, Ltd. (“ZKIN”) is a China-based company specializing in the design, manufacture and sale of heating, ventilation and air-conditioning (HVAC) products along with building energy conservation and clean energy utilization systems. The company’s core offerings include terminal climate control products such as radiators, fan coil units and heat exchangers, as well as heating systems including electric boilers, heat pumps and solar water heaters. ZKIN’s integrated solutions are designed to improve energy efficiency in residential, commercial and industrial settings.

In addition to its terminal climate control and heating product lines, ZKIN develops clean energy utilization systems that leverage solar thermal technology and thermal storage to reduce reliance on fossil fuels.