ZJK Industrial (NASDAQ:ZJK) Shares Down 4.7% – Here’s What Happened

ZJK Industrial Co., Ltd. (NASDAQ:ZJK) was down 4.7% during mid-day trading on Friday . The stock 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 Stock Performance

The firm has a 50 day moving average of $7.73.

Institutional Trading of ZJK Industrial

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

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.