ZKH Group (NYSE:ZKH) Hits New 52-Week High – What’s Next?

ZKH Group Limited Unsponsored ADR (NYSE:ZKH) shares hit a new 52-week high during mid-day trading on Saturday . The stock traded as high as $3.90 and last traded at $3.6850, with a volume of 233478 shares changing hands. The stock had previously closed at $3.62.

Wall Street Analysts Forecast Growth

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

ZKH Group Price Performance

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 firm has a market capitalization of $598.00 million, a price-to-earnings ratio of -24.57 and a beta of 0.31. The stock has a 50 day moving average price of $3.13 and a two-hundred day moving average price of $3.04.

Hedge Funds Weigh In On ZKH Group

Institutional investors have recently modified their holdings of the business. Jain Global LLC purchased a new position in ZKH Group in the third quarter valued at $238,000. XTX Topco Ltd purchased a new stake in ZKH Group during the 2nd quarter worth about $33,000. Finally, Jane Street Group LLC acquired a new stake in ZKH Group in the 1st quarter valued at about $66,000. Institutional investors and hedge funds own 9.52% of the company’s stock.

ZKH Group Company Profile

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.