The market has been high on ZK International Group Co Ltd (ZKIN) stock recently. ZKIN gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.
ZK International Group Co Ltd has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ZKIN!
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With ZKIN Stock Today?
ZK International Group Co Ltd (ZKIN) stock is trading at $1.24 as of 1:51 PM on Monday, May 23, a gain of $0.14, or 12.73% from the previous closing price of $1.10. The stock has traded between $1.04 and $1.26 so far today. Volume today is elevated. So far 162,240 shares have traded compared to average volume of 79,837 shares.
To see InvestorsObserver's Sentiment Score for ZK International Group Co Ltd click here.
More About ZK International Group Co Ltd
ZK International Group Co Ltd is engaged in the manufacture and marketing of metal pipes. The company is specialized in producing double-press thin-walled stainless steel tube and fittings, carbon steel tube and fittings, single-press tube and fittings, and stainless-steel strip. The products are used in restaurants, hotel, hospital, firefighting, food, beverage, ship, engine, industrial seawater desalination and systems of direct-drinking water, cold /hot water supply, city water supply, gas of large/middle scale construction projects.
Click Here to get the full Stock Report for ZK International Group Co Ltd stock.
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