ZKH Group (NYSE:ZKH) Shares Down 5.9% – Here’s Why

ZKH Group Limited Unsponsored ADR (NYSE:ZKH) shares fell 5.9% on Tuesday . The stock traded as low as $3.43 and last traded at $3.4640. 725,256 shares traded hands during trading, an increase of 157% from the average session volume of 282,626 shares. The stock had previously closed at $3.68.

Analyst Ratings Changes

Several research firms recently issued reports on ZKH. Wall Street Zen upgraded shares of ZKH Group to a “hold” rating in a research note on Saturday. 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 data from MarketBeat, the stock presently has an average rating of “Sell”.

ZKH Group Stock Down 14.3%

The business has a 50-day moving average price of $3.22 and a 200-day moving average price of $3.07. The stock has a market cap of $511.98 million, a PE ratio of -20.91 and a beta of 0.18. The company has a current ratio of 1.85, a quick ratio of 1.62 and a debt-to-equity ratio of 0.05.

Institutional Investors Weigh In On ZKH Group

Institutional investors have recently bought and sold shares of the company. Jain Global LLC acquired a new position in shares of ZKH Group during the third quarter valued at approximately $238,000. Jane Street Group LLC acquired a new stake in shares of ZKH Group in the first quarter worth approximately $66,000. Finally, XTX Topco Ltd purchased a new stake in shares of ZKH Group during the second quarter worth approximately $33,000. 9.52% of the stock is currently owned by institutional investors and hedge funds.

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.