ZK International Group Achieves Nasdaq Compliance and Resolves Bid Price Deficiency
December 27, 2023
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ZK ($NASDAQ:ZKIN) International Group Co., Ltd (NASDAQ: ZKIN) is a leading provider of engineered steel pipe products and solutions, such as the world’s first and only patented stainless-steel energy-saving pressurized water supply system. After addressing certain deficiencies related to Nasdaq’s continued listing requirements, the company has now achieved compliance with these standards and has resolved the bid price deficiency. As a result of the company’s successful Nasdaq compliance, ZK International Group is permitted to remain listed on The Nasdaq Global Market.
Additionally, the company may now resume its regular course of business operations, with full access to its corporate finance and capital markets operations, without any further interruption or delay. Moreover, with the company’s continued adherence to Nasdaq’s listing standards, the risk of delisting from the Nasdaq Global Market has been effectively eliminated. Overall, ZK International Group has successfully addressed the Nasdaq bid price deficiency and continues to meet the listing standards. This achievement not only boosts investor confidence but also allows the company to proceed with its business objectives and operations without any disruption or delay.
Price History
(Nasdaq: ZKIN) achieved compliance with the Nasdaq Stock Market listing requirements and resolved the bid price deficiency for its common stock. The company’s shares opened at $1.1, down by 0.9% from the prior closing price of $1.1. This follows the company’s recent announcement of a 1-for-2 reverse stock split of its common stock. This was achieved after successful completion of the reverse stock split and a series of other initiatives to enhance shareholder value and corporate governance.
In addition, by resolving the bid price deficiency, the company has opened the door to larger institutional investors who may become interested in the business due to its compliance with Nasdaq’s listing standards. This could potentially lead to increased liquidity and higher trading volumes, which would benefit shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Zk International. More…
| Total Revenues | Net Income | Net Margin |
| 109.16 | -6.13 | -3.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Zk International. More…
| Operations | Investing | Financing |
| -2.07 | -2.11 | -0.97 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Zk International. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 121.57 | 34.65 | 2.85 |
Key Ratios Snapshot
Some of the financial key ratios for Zk International are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 14.6% | 4.3% | -3.7% |
| FCF Margin | ROE | ROA |
| -3.8% | -3.0% | -2.1% |
Analysis
At GoodWhale, we have conducted a thorough analysis of ZK INTERNATIONAL‘s wellbeing. Based on ourStar Chart, ZK INTERNATIONAL has an intermediate health score of 4/10 with regard to its cashflows and debt. This means that the company may be able to pay off debt and fund future operations. Furthermore, ZK INTERNATIONAL is classified as ‘cheetah’, which is a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Therefore, investors who are interested in companies with high growth potential may be attracted to ZK INTERNATIONAL. In terms of its health and performance indicators, ZK INTERNATIONAL is strong in asset, growth, and medium in profitability. However, it is weak in dividend. This means that investors may be willing to invest in the company despite its low dividend yield. Overall, our analysis of ZK INTERNATIONAL has revealed that it is an interesting company for investors looking for high growth potential. However, they should be aware that the company carries some risk due to its lower profitability and dividend yield. More…
Peers
ZK International Group Co Ltd is an international manufacturer specializing in the production of high-performance stainless steel and niche alloy products. They have become one of the leading players in the global metal production market, competing with other major companies such as Rajasthan Tube Manufacturing Co Ltd, Maike Tube Industry Holdings Ltd, and Husteel Co Ltd. ZK International Group Co Ltd is dedicated to providing the highest quality products to its customers with an emphasis on innovation, sustainability, and customer service.
– Rajasthan Tube Manufacturing Co Ltd ($BSE:530253)
Rajasthan Tube Manufacturing Co Ltd is a leading manufacturer of steel tubes and pipes. The company has a market cap of 200.1M as of 2023, and posted a Return on Equity of 21.52%. The company has a strong presence in the Indian market, and provides high-quality steel tubes and pipes for a variety of applications. The company’s market cap combined with its Return on Equity indicates that it is performing well in the industry and is well-respected by the markets.
– Maike Tube Industry Holdings Ltd ($SEHK:01553)
Maike Tube Industry Holdings Ltd is an industrial company in China that specializes in the production of steel tubes and pipes. As of 2023, the company has a market capitalization of 598.64M, which makes it one of the largest companies in the industry. Furthermore, the Return on Equity (ROE) of 10.7% demonstrates a solid level of profitability for Maike Tube Industry Holdings Ltd.
– Husteel Co Ltd ($KOSE:005010)
Husteel Co Ltd is a global steel production and trading company. As of 2023, the company has a market cap of 282.63B and a Return on Equity of 18.15%. The company’s market cap indicates that it is a sizeable player in the steel industry, allowing it to invest in research and development, acquire other companies, and benefit from economies of scale. The company’s impressive return on equity indicates that it is efficiently managing its resources and generating significant returns for its shareholders.
Summary
ZK International Group is a publicly-traded company listed on the NASDAQ. Recently, the company has resolved a bid price deficiency and ensured compliance with listing standards. This is a positive sign for any investors interested in the company.
The company appears to be well-managed and well-positioned in its industry. Investors should be encouraged by the company’s efforts to remain in compliance with regulatory requirements, as this may signal stability and reliability.
