ZK International Stock (ZKIN): Why The Price Substantially Increased

By Amit Chowdhry ● Jan 13, 2022
  • The stock price of ZK International Group Co Ltd (NASDAQ: ZKIN) increased by 17.93% in the most recent trading session. This is why it happened.

The stock price of ZK International Group Co Ltd (NASDAQ: ZKIN) increased by 17.93% in the most recent trading session. Investors responded positively to ZK International announcing it has completed the year on a high note by being able to win project bidding and bring contracts with the total contract sales amount of $5 million during the month of December 2021.

Though under the influence of many unfavorable factors like the new variant epidemic, soaring raw material costs, energy restrictions, and electricity curtailment, the marketing team of ZK International have worked hard to overcome these difficulties and signed contracts to supply piping products for several municipal water projects.

The contracts that have been signed are as follows:

— Contract with Shenzhen Longgang High-quality Drinking Water Project with contract sales amount of $2.8 million.

— The City of Zhangjiajie has signed a contract with a contract sales amount of $0.9 million.

— The City of Changning has signed a contract with a contract sales amount of $1.1 million.

— Contract with Wuhan Jiangxia Water Supply Installation Project with contract sales amount of $0.2 million.

KEY QUOTE:

“We are pleased to be selected amongst several of our competitors during all these bidding processes as well as begin new working relationship with the new clients. 2021 has been a tough year for all industries. We are proud of all our staff for working hard and expanding working relationship with municipal water supply bodies in various cities.”

— Jiancong Huang, Chairman of ZK International

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.