ZK International Group (ZKIN, Financial) experienced a notable stock movement with a rapid increase of 6.36% in its share price. The price reached $0.547 per share with a trading volume of 50,011 shares and a turnover rate of 0.14%, while the amplitude was 2.41%.
According to the latest financial reports, ZK International Group reported revenue of $52.89 million and a net loss of $481,753, translating to an earnings per share of -$0.02. The company achieved a gross profit of $3.35 million, and its price-to-earnings ratio stands at -0.26. Currently, there are no institutional ratings of "buy," "hold," or "sell" for the stock.
Within the steel industry, where ZK International operates, the sector experienced an overall decline of 0.34%. In comparison, stocks such as ZK International, Macro, and Ternium showed significant gains. Other active stocks in the sector included Inno Holdings Inc., Cleveland-Cliffs, and General Stainless & Alloy Products Company, with turnover rates of 3.55%, 1.31%, and 0.34%, respectively. Notably, Inno Holdings Inc., Algoma Steel Group Inc C/Wts 19/10/2026 (To Pur Com), and ZK International had significant price fluctuations with amplitudes of 14.56%, 8.01%, and 7.14%, respectively.
ZK International Group specializes in the manufacture and sale of various metal pipes, including thin-walled stainless steel pipes, carbon steel pipes, and stainless steel strips. Their products are widely used in multiple sectors, including restaurants, hotels, hospitals, firefighting, food and beverage, marine, engines, industrial seawater desalination, and large-scale construction projects for direct drinking water, cold/hot water supply, municipal water supply, and gas systems.
