ZKH Group (NYSE:ZKH) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of ZKH Group (NYSE:ZKH) from a buy rating to a hold rating in a report released on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ZKH Group in a report on Tuesday, September 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

ZKH Group Trading Down 0.9%

Shares of ZKH stock opened at $2.83 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.77 and a quick ratio of 1.59. The company has a market cap of $367.41 million, a price-to-earnings ratio of -283.30 and a beta of 0.39. The stock has a 50 day simple moving average of $2.91 and a 200-day simple moving average of $2.88. ZKH Group has a 1-year low of $1.92 and a 1-year 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 firm 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%.

Insider Activity at ZKH Group

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

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.