ZK International Group (NASDAQ:ZKIN) Shares Down 0.7% – Here’s What Happened

ZK International Group Co., Ltd. (NASDAQ:ZKIN) shares traded down 0.7% during mid-day trading on Monday . The stock traded as low as $1.34 and last traded at $1.34. Approximately 823,621 shares changed hands during mid-day trading, an increase of 4,468% from the average session volume of 18,032 shares. The stock had previously closed at $1.35.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of ZK International Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 15th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, ZK International Group presently has a consensus rating of “Sell”.

ZK International Group Trading Down 0.7%

The company has a quick ratio of 1.02, a current ratio of 1.44 and a debt-to-equity ratio of 0.26. The firm has a 50 day moving average price of $1.48 and a two-hundred day moving average price of $1.58.

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.