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

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

Wall Street Analyst Weigh In

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

ZK International Group Price Performance

The firm has a 50 day moving average price of $1.24 and a two-hundred day moving average price of $1.41.

ZK International Group (NASDAQ:ZKIN) last posted its quarterly earnings data on Friday, August 21st. The company reported ($0.45) EPS for the quarter. The company had revenue of $0.50 million during 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.