ZKH Group (NYSE:ZKH) Director Yunjie Han Sells 9,289,000 Shares

ZKH Group Limited Unsponsored ADR (NYSE:ZKH) Director Yunjie Han sold 9,289,000 shares of the company’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $0.08, for a total value of $743,120.00. Following the completion of the sale, the director owned 1,538,180 shares in the company, valued at $123,054.40. This represents a 85.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Yunjie Han also recently made the following trade(s):

• On Wednesday, September 9th, Yunjie Han sold 672,910 shares of ZKH Group stock. The stock was sold at an average price of $0.08, for a total value of $53,832.80.

ZKH Group Trading Down 0.5%

Shares of ZKH stock opened at $2.90 on Tuesday. The company has a market capitalization of $376.76 million, a price-to-earnings ratio of -290.50 and a beta of 0.39. The company has a current ratio of 1.77, a quick ratio of 1.59 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average price of $2.89 and a 200 day moving average price of $2.92. ZKH Group Limited Unsponsored ADR has a twelve month low of $1.92 and a twelve month high of $3.90.

ZKH Group (NYSE:ZKH) last released its quarterly earnings results on Friday, August 21st. The company reported $0.04 earnings per share (EPS) for the quarter. The company had revenue of $359.70 million for the quarter. ZKH Group had a negative net margin of 0.02% and a negative return on equity of 0.06%.

Wall Street Analysts Forecast Growth

Several research firms have commented on ZKH. Wall Street Zen raised shares of ZKH Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 29th. Weiss Ratings reiterated a “sell (e+)” rating on shares of ZKH Group in a research report on Tuesday, September 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Hedge Funds Weigh In On ZKH Group

A hedge fund recently bought a new stake in ZKH Group stock. Boundless Plain Holdings Ltd purchased a new stake in ZKH Group Limited Unsponsored ADR (NYSE:ZKH) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,397,979 shares of the company’s stock, valued at approximately $8,825,000. ZKH Group comprises 2.8% of Boundless Plain Holdings Ltd’s investment portfolio, making the stock its 7th biggest position. Boundless Plain Holdings Ltd owned about 1.48% of ZKH Group at the end of the most recent quarter. 9.52% of the stock is owned by institutional investors.

About ZKH Group

ZKH Group Limited is a China-based maintenance, repair and operations (MRO) products and services provider. The company operates digital procurement platforms that connect industrial product suppliers with business customers, helping organizations source supplies used to maintain, repair and operate factories, facilities and equipment.

Its product offerings include fasteners, bearings, transmission components, electrical and electronic products, tools, hardware, safety supplies and other industrial consumables.