ZKH Group (NYSE:ZKH) Shares Down 5.9% – What’s Next?
by Kim Johansen · The Markets DailyZKH Group Limited Unsponsored ADR (NYSE:ZKH – Get Free Report) shares dropped 5.9% during trading on Tuesday . The stock traded as low as $3.43 and last traded at $3.4640. Approximately 725,256 shares changed hands during trading, an increase of 157% from the average daily volume of 282,626 shares. The stock had previously closed at $3.68.
Wall Street Analyst Weigh In
Several research analysts have weighed in on ZKH shares. Wall Street Zen upgraded ZKH Group to a “hold” rating in a research note on Saturday, January 3rd. Weiss Ratings reiterated a “sell (e+)” rating on shares of ZKH Group in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.
View Our Latest Stock Report on ZKH Group
ZKH Group Price Performance
The company has a current ratio of 1.85, a quick ratio of 1.62 and a debt-to-equity ratio of 0.05. The stock has a fifty day simple moving average of $3.24 and a two-hundred day simple moving average of $3.07. The company has a market cap of $559.05 million, a PE ratio of -22.97 and a beta of 0.18.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the business. XTX Topco Ltd acquired a new stake in ZKH Group in the second quarter valued at $33,000. Jane Street Group LLC acquired a new position in shares of ZKH Group during the 1st quarter worth $66,000. Finally, Jain Global LLC purchased a new position in shares of ZKH Group in the 3rd quarter valued at about $238,000. Hedge funds and other institutional investors own 9.52% of the company’s stock.
About ZKH Group
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. It also engages in the production and sale of intelligent warehousing equipment. ZKH Group Limited was founded in 1998 and is based in Shanghai, the People’s Republic of China.