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

Shares of ZKH Group Limited Unsponsored ADR (NYSE:ZKH) saw strong trading volume on Monday . 464,923 shares traded hands during mid-day trading, an increase of 179% from the previous session’s volume of 166,884 shares.The stock last traded at $3.49 and had previously closed at $3.47.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ZKH shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of ZKH Group in a research report on Wednesday, October 8th. Wall Street Zen upgraded ZKH Group to a “hold” rating in a research report on Saturday, January 3rd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

ZKH Group Price Performance

The stock has a market capitalization of $555.80 million, a P/E ratio of -22.83 and a beta of 0.18. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.62 and a current ratio of 1.85. The firm has a 50-day moving average price of $3.25 and a 200 day moving average price of $3.07.

Institutional Inflows and Outflows

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