ZK International Group (NASDAQ:ZKIN) Trading 2.9% Higher – Should You Buy?

ZK International Group Co., Ltd. (NASDAQ:ZKIN)’s share price shot up 2.9% during trading on Thursday . The company traded as high as $1.52 and last traded at $1.42. 3,026 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 9,785 shares. The stock had previously closed at $1.38.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded ZK International Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, May 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

ZK International Group Stock Performance

The business has a fifty day moving average price of $1.55 and a 200 day moving average price of $1.78. The company has a quick ratio of 1.02, a current ratio of 1.44 and a debt-to-equity ratio of 0.26.

ZK International Group (NASDAQ:ZKIN) last issued its quarterly earnings results on Wednesday, February 4th. The company reported ($0.28) EPS for the quarter. The firm had revenue of $15.62 million during the quarter.

ZK International Group Company Profile

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.