SCR - ZK International's Pullback Could Be An Opportunity To Buy
- Shares of ZK International have pulled back by more than 50% since peaking in March. This could be a good opportunity to buy.
- The company has diversified into new lines of business after investing in the iGaming industry. It also has several products on its blockchain R&D lab.
- Its bottom line suffered last year amid lower ASPs forced by the Covid-19 pandemic. The company is targeting a return to normality but new Covid variants could be a problem.
- However, the iGaming business could be a game-changer if projected industry growth rates and MaximBet’s ambitions, in which it has a 25% stake, come to fruition.
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ZK International's Pullback Could Be An Opportunity To Buy