ZKH Group (NYSE:ZKH) Shares Down 3.1% – What’s Next?

by · The Markets Daily

ZKH Group Limited (NYSE:ZKH – Get Free Report)’s stock price dropped 3.1% during trading on Wednesday . The company traded as low as $3.61 and last traded at $3.70. Approximately 311,995 shares traded hands during mid-day trading, an increase of 225% from the average daily volume of 95,870 shares. The stock had previously closed at $3.82.

Wall Street Analysts Forecast Growth

Separately, CICC Research assumed coverage on ZKH Group in a research note on Monday, September 30th. They set an “outperform” rating and a $4.00 price objective on the stock.

View Our Latest Analysis on ZKH

ZKH Group Price Performance

The company has a debt-to-equity ratio of 0.04, a current ratio of 1.80 and a quick ratio of 1.61. The firm’s fifty day moving average price is $3.33 and its 200 day moving average price is $6.23.

ZKH Group (NYSE:ZKH – Get Free Report) last announced its quarterly earnings results on Thursday, August 22nd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.09). The firm had revenue of $309.61 million during the quarter.

Institutional Trading of ZKH Group

An institutional investor recently bought a new position in ZKH Group stock. XTX Topco Ltd purchased a new stake in shares of ZKH Group Limited (NYSE:ZKH – Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 20,650 shares of the company’s stock, valued at approximately $81,000. 9.52% of the stock is currently owned by hedge funds and other institutional investors.

About ZKH Group

(Get Free Report)

ZKH Group Limited develops and operates a maintenance, repair, and operating (MRO) products trading and service platform that offers spare parts, chemicals, manufacturing parts, general consumables, and office supplies in the People’s Republic of China. The company provides MRO procurement and management services; digitalized MRO procurement solutions; and logistics and warehousing services.

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