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ZJK Industrial (NASDAQ:ZJK) Stock Price Down 4.7% - Here's Why

ZJK Industrial logo with Industrial Products background

Shares of ZJK Industrial Co., Ltd. (NASDAQ:ZJK - Get Free Report) dropped 4.7% on Friday . The company traded as low as $9.54 and last traded at $9.54. Approximately 10,475 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 62,473 shares. The stock had previously closed at $10.01.

ZJK Industrial Price Performance

The firm's 50-day moving average is $7.73.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ZJK Industrial stock. Murchinson Ltd. bought a new position in shares of ZJK Industrial Co., Ltd. (NASDAQ:ZJK - Free Report) during the third quarter, according to its most recent filing with the SEC. The fund bought 35,000 shares of the company's stock, valued at approximately $175,000. Murchinson Ltd. owned 0.06% of ZJK Industrial at the end of the most recent reporting period.

ZJK Industrial Company Profile

(Get Free Report)

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.

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