ZJK Industrial (NASDAQ:ZJK) Announces Earnings Results

ZJK Industrial (NASDAQ:ZJK) announced its earnings results on Wednesday. The company reported $0.03 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $15.70 million during the quarter.

ZJK Industrial Price Performance

ZJK traded up $0.02 during midday trading on Friday, hitting $2.70. 7,813 shares of the company’s stock traded hands, compared to its average volume of 26,143. The stock’s fifty day simple moving average is $2.03 and its 200-day simple moving average is $2.24. ZJK Industrial has a one year low of $1.45 and a one year high of $5.82.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ZJK. Zacks Research upgraded shares of ZJK Industrial to a “hold” rating in a report on Thursday, March 12th. Weiss Ratings reiterated a “sell (d)” rating on shares of ZJK Industrial in a report on Wednesday, April 8th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.

Hedge Funds Weigh In On ZJK Industrial

A number of institutional investors have recently modified their holdings of the company. Millennium Management LLC bought a new position in ZJK Industrial during the fourth quarter worth $52,000. Citadel Advisors LLC acquired a new stake in ZJK Industrial during the third quarter worth $52,000. Geode Capital Management LLC boosted its stake in ZJK Industrial by 150.0% during the second quarter. Geode Capital Management LLC now owns 42,267 shares of the company’s stock worth $164,000 after buying an additional 25,362 shares in the last quarter. State of Wyoming acquired a new stake in shares of ZJK Industrial in the 2nd quarter valued at $31,000. Finally, Jane Street Group LLC acquired a new stake in shares of ZJK Industrial during the 4th quarter worth about $26,000.

About ZJK Industrial

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. ZJK Industrial Co Ltd. is based in Shenzhen, China.