ZKH Group (NYSE:ZKH) Reaches New 1-Year Low After Earnings Miss

ZKH Group Limited Unsponsored ADR (NYSE:ZKH) shares reached a new 52-week low on Thursday after the company announced weaker than expected quarterly earnings. The stock traded as low as $2.20 and last traded at $2.2850, with a volume of 227779 shares. The stock had previously closed at $3.28.

The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). ZKH Group had a negative net margin of 1.54% and a negative return on equity of 4.65%. The firm had revenue of $365.51 million for the quarter, compared to the consensus estimate of $351.68 million.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded ZKH Group to a “hold” rating in a research report on Saturday, January 3rd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Boundless Plain Holdings Ltd bought a new position in ZKH Group during the fourth quarter valued at approximately $8,825,000. FIL Ltd lifted its stake in ZKH Group by 26.0% in the fourth quarter. FIL Ltd now owns 7,621,884 shares of the company’s stock worth $28,049,000 after purchasing an additional 1,572,957 shares during the last quarter. Jain Global LLC purchased a new stake in ZKH Group during the third quarter valued at about $238,000. Invesco Ltd. purchased a new position in shares of ZKH Group in the fourth quarter worth about $291,000. Finally, Renaissance Technologies LLC lifted its stake in shares of ZKH Group by 442.1% in the 4th quarter. Renaissance Technologies LLC now owns 91,500 shares of the company’s stock valued at $337,000 after acquiring an additional 74,621 shares during the last quarter. Hedge funds and other institutional investors own 9.52% of the company’s stock.

ZKH Group Price Performance

The company has a current ratio of 1.85, a quick ratio of 1.62 and a debt-to-equity ratio of 0.05. The firm has a fifty day moving average of $3.42 and a two-hundred day moving average of $3.21. The company has a market capitalization of $464.27 million, a PE ratio of -22.01 and a beta of 0.06.

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.