ZKH Group (NYSE:ZKH) Sees Strong Trading Volume – Here’s What Happened

ZKH Group Limited Unsponsored ADR (NYSE:ZKH) shares saw unusually-high trading volume on Monday . Approximately 152,897 shares were traded during mid-day trading, an increase of 65% from the previous session’s volume of 92,597 shares.The stock last traded at $3.2050 and had previously closed at $3.22.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of ZKH Group in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

ZKH Group Stock Down 0.5%

The company has a market capitalization of $520.11 million, a P/E ratio of -21.37 and a beta of 0.31. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.85 and a quick ratio of 1.62. The stock has a 50-day moving average price of $3.05 and a 200-day moving average price of $3.02.

Institutional Trading of ZKH Group

A number of institutional investors have recently bought and sold shares of ZKH. XTX Topco Ltd bought a new position in shares of ZKH Group in the 2nd quarter worth about $33,000. Jane Street Group LLC bought a new position in ZKH Group in the first quarter worth approximately $66,000. Finally, Jain Global LLC bought a new stake in shares of ZKH Group during the third quarter valued at approximately $238,000. 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.