ZJK Industrial (NASDAQ:ZJK) Trading Down 10% – Should You Sell?

ZJK Industrial Co., Ltd. (NASDAQ:ZJK)’s stock price fell 10% on Wednesday . The stock traded as low as $11.11 and last traded at $11.20. 353,102 shares changed hands during trading, a decline of 62% from the average session volume of 925,793 shares. The stock had previously closed at $12.45.

ZJK Industrial Stock Performance

The stock has a fifty day simple moving average of $6.43.

Hedge Funds Weigh In On ZJK Industrial

A hedge fund recently bought a new stake in ZJK Industrial stock. Murchinson Ltd. purchased a new stake in shares of ZJK Industrial Co., Ltd. (NASDAQ:ZJK) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 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 & Exchange Commission.

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.