ZKH Group (NYSE:ZKH) Sees Strong Trading Volume – What’s Next?

ZKH Group Limited Unsponsored ADR (NYSE:ZKH) saw strong trading volume on Friday . 86,018 shares changed hands during trading, a decline of 8% from the previous session’s volume of 93,746 shares.The stock last traded at $3.8850 and had previously closed at $3.62.

Wall Street Analyst Weigh In

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

ZKH Group Price Performance

The company has a debt-to-equity ratio of 0.05, a current ratio of 1.85 and a quick ratio of 1.62. The business’s 50 day moving average price is $3.11 and its 200 day moving average price is $3.04. The stock has a market capitalization of $593.13 million, a P/E ratio of -24.43 and a beta of 0.32.

Institutional Trading of ZKH Group

Large investors have recently modified their holdings of the company. Jain Global LLC bought a new position in ZKH Group in the third quarter valued at about $238,000. Jane Street Group LLC bought a new stake in shares of ZKH Group during the 1st quarter valued at about $66,000. Finally, XTX Topco Ltd purchased a new stake in shares of ZKH Group during the 2nd quarter valued at about $33,000. Institutional investors own 9.52% of the company’s stock.

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.