ZK International Group Co Ltd (NASDAQ:ZKIN)’s share price rose 5.4% during trading on Wednesday . The stock traded as high as $1.79 and last traded at $1.76, approximately 181,200 shares were traded during mid-day trading. A decline of 44% from the average daily volume of 324,906 shares. The stock had previously closed at $1.67.

Separately, ValuEngine upgraded ZK International Group from a “strong sell” rating to a “sell” rating in a report on Wednesday.

The firm has a 50 day moving average of $1.37 and a 200-day moving average of $1.46.

An institutional investor recently raised its position in ZK International Group stock. Renaissance Technologies LLC raised its holdings in shares of ZK International Group Co Ltd (NASDAQ:ZKIN) by 90.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 353,781 shares of the company’s stock after acquiring an additional 167,837 shares during the quarter. Renaissance Technologies LLC owned approximately 2.14% of ZK International Group worth $503,000 at the end of the most recent quarter. 2.20% of the stock is currently owned by institutional investors and hedge funds.

About ZK International Group (NASDAQ:ZKIN)

ZK International Group Co, Ltd., through its subsidiaries, designs, produces, and sells double-press thin-walled stainless steel, carbon steel, and single-press tubes and fittings in the People's Republic of China. The company offers steel strips, steel pipes, and light gauge stainless steel pipes, as well as pipe connections and fittings, such as couplings, adapters, unions, caps, plug pipes, elbows, three-way fittings, tees, cross, side-inlet elbows, wyes, reducers, bushings, pipe fasteners, and pipe flanges.

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