ZJK Industrial (NASDAQ:ZJK) Stock Price Down 6.8% – Here’s Why

ZJK Industrial Co., Ltd. (NASDAQ:ZJK)’s stock price traded down 6.8% during mid-day trading on Tuesday . The company traded as low as $8.70 and last traded at $8.44. 9,098 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 216,991 shares. The stock had previously closed at $9.05.

ZJK Industrial Trading Down 4.4 %

The stock’s fifty day moving average price is $9.72.

Institutional Investors Weigh In On ZJK Industrial

An institutional investor recently bought a new position in ZJK Industrial stock. Murchinson Ltd. bought a new stake in ZJK Industrial Co., Ltd. (NASDAQ:ZJK) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 35,000 shares of the company’s stock, valued at approximately $175,000. Murchinson Ltd. owned 0.06% of ZJK Industrial as of its most recent filing with the Securities and Exchange Commission.

ZJK Industrial Company Profile

ZJK Industrial Co Ltd. is a high-tech enterprise specialized in manufacturing and sale of precision fasteners, structural parts and other precision metal parts products applied in a variety of industries, including intelligent electronic equipment, new energy vehicles, aerospace, energy storage systems and liquid cooling systems used in artificial intelligence supercomputers.