ZKH Group (NYSE:ZKH) Trading Up 6.9% – Here’s What Happened

Shares of ZKH Group Limited Unsponsored ADR (NYSE:ZKH) rose 6.9% during trading on Wednesday . The stock traded as high as $3.48 and last traded at $3.40. Approximately 40,784 shares were traded during trading, a decline of 84% from the average daily volume of 256,365 shares. The stock had previously closed at $3.18.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on ZKH shares. Wall Street Zen upgraded ZKH Group to a “hold” rating in a research report on Saturday, January 3rd. Weiss Ratings reiterated a “sell (e+)” rating on shares of ZKH Group in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

ZKH Group Trading Down 1.3%

The company has a quick ratio of 1.62, a current ratio of 1.85 and a debt-to-equity ratio of 0.05. The business has a 50-day simple moving average of $3.24 and a 200-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.

Hedge Funds Weigh In On ZKH Group

Several hedge funds have recently bought and sold shares of the company. Jain Global LLC acquired a new position in ZKH Group in the 3rd quarter valued at about $238,000. Jane Street Group LLC purchased a new position in shares of ZKH Group in the first quarter valued at approximately $66,000. Finally, XTX Topco Ltd acquired a new position in shares of ZKH Group in the second quarter valued at approximately $33,000. 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.