ZJK Industrial (NASDAQ:ZJK) Trading Down 8.3% – Here’s Why

ZJK Industrial Co., Ltd. (NASDAQ:ZJK)’s share price fell 8.3% during mid-day trading on Tuesday . The company traded as low as $10.10 and last traded at $10.11. 130,873 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 878,099 shares. The stock had previously closed at $11.03.

ZJK Industrial Price Performance

The company has a 50-day simple moving average of $6.64.

Hedge Funds Weigh In On ZJK Industrial

An institutional investor recently bought a new position in ZJK Industrial stock. Murchinson Ltd. bought a new stake in shares of ZJK Industrial Co., Ltd. (NASDAQ:ZJK) during the third quarter, according to the company in its most recent 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 approximately 0.06% of ZJK Industrial at the end of the most recent reporting period.

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.