ZK International Group Co., Ltd. (NASDAQ:ZKIN) is a leading engineering company known for its high-performance steel products and innovative solutions in the steel industry. The company competes with other engineering firms in the steel market, striving to maintain its position through strategic decisions like stock adjustments.
On January 31, 2025, ZKIN implemented a reverse stock split at a 7-for-1 ratio. This means that for every seven shares held by investors, they now own one share. The company's Board of Directors approved this decision on January 14, 2025. The reverse stock split aims to consolidate shares, potentially making the stock more attractive to investors by increasing the share price.
The reverse stock split will not change the company's trading symbol, which remains "ZKIN" on the NASDAQ. However, the CUSIP number, a unique identifier for stocks, will change to G9892K209. This adjustment is crucial for investors to note, as it affects how the stock is identified in the market.
Currently, ZKIN's stock is priced at $0.389, reflecting a significant decrease of 19.88% or -$0.0965. The stock has fluctuated between a low of $0.2921 and a high of $0.4 in today's trading. Over the past year, it has seen a high of $0.9 and a low of $0.2921, indicating volatility in its market performance.
ZKIN's market capitalization is approximately $14.06 million, with a trading volume of 2,834,334 shares. This market cap reflects the total value of the company's outstanding shares, providing insight into its size and market presence. The trading volume indicates the level of investor interest and activity in the stock.
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