ZK International Group (NASDAQ:ZKIN) Trading Down 4.2% – Here’s What Happened

ZK International Group Co., Ltd. (NASDAQ:ZKIN) shares were down 4.2% during trading on Thursday . The company traded as low as $1.14 and last traded at $1.14. 2,214 shares changed hands during trading, a decline of 91% from the average daily volume of 25,136 shares. The stock had previously closed at $1.19.

Analyst Ratings Changes

Separately, Weiss Ratings raised ZK International Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 26th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

ZK International Group Trading Down 4.2%

The firm’s 50-day moving average price is $1.24 and its 200 day moving average price is $1.41.

ZK International Group (NASDAQ:ZKIN) last released its earnings results on Friday, August 21st. The company reported ($0.45) earnings per share (EPS) for the quarter. The company had revenue of $0.50 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.