ZKH Group (NYSE:ZKH) Announces Stock Repurchase Program

ZKH Group (NYSE:ZKH) declared that its board has approved a stock buyback plan on Friday, June 13th, RTT News reports. The company plans to repurchase $0.00 in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

ZKH Group Trading Up 1.3%

Shares of NYSE:ZKH opened at $3.12 on Monday. The company has a market cap of $505.14 million, a PE ratio of -8.91 and a beta of 0.10. The company’s 50-day moving average price is $2.93 and its 200 day moving average price is $3.33. ZKH Group has a fifty-two week low of $2.50 and a fifty-two week high of $4.31. The company has a quick ratio of 1.62, a current ratio of 1.81 and a debt-to-equity ratio of 0.05.

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.