ZKH Group (NYSE:ZKH) Announces Earnings Results

ZKH Group (NYSE:ZKH) posted its quarterly earnings results on Thursday. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.21), Zacks reports. ZKH Group had a negative net margin of 2.65% and a negative return on equity of 7.57%.

ZKH Group Stock Performance

Shares of ZKH Group stock opened at $3.07 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.90 and a quick ratio of 1.66. The firm has a market cap of $497.83 million, a price-to-earnings ratio of -15.30 and a beta of 0.44. The stock’s 50-day moving average is $2.94 and its 200-day moving average is $2.98. ZKH Group has a one year low of $2.50 and a one year high of $4.03.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of ZKH Group in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Institutional Trading of ZKH Group

Institutional investors have recently made changes to their positions in the business. XTX Topco Ltd bought a new position in ZKH Group in the second quarter valued at $33,000. Jane Street Group LLC acquired a new stake in shares of ZKH Group in the first quarter valued at about $66,000. Finally, Jain Global LLC bought a new stake in ZKH Group during the third quarter worth about $238,000. Institutional investors 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.