Shares of ZK International Group Co Ltd (NASDAQ:ZKIN) fell 7.7% during trading on Monday . The company traded as low as $1.78 and last traded at $1.92. 528,759 shares traded hands during mid-day trading, a decline of 11% from the average session volume of 595,420 shares. The stock had previously closed at $2.08.
An institutional investor recently bought a new position in ZK International Group stock. Virtu Financial LLC purchased a new position in ZK International Group Co Ltd (NASDAQ:ZKIN) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 73,099 shares of the company’s stock, valued at approximately $113,000. Virtu Financial LLC owned approximately 0.55% of ZK International Group as of its most recent filing with the Securities and Exchange Commission. 0.34% of the stock is owned by institutional investors.
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ZK International Group Co, Ltd., through its subsidiaries, designs, produces, and sells double-press thin-walled stainless steel, carbon steel, and single-press tubes and fittings in the People's Republic of China. The company offers steel strips, steel pipes, and light gauge stainless steel pipes, as well as pipe connections and fittings, such as couplings, adapters, unions, caps, plug pipes, elbows, three-way fittings, tees, cross, side-inlet elbows, wyes, reducers, bushings, pipe fasteners, and pipe flanges.
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