ZKH Group (NYSE:ZKH) Sees Unusually-High Trading Volume – Should You Buy?

Shares of ZKH Group Limited Unsponsored ADR (NYSE:ZKH) saw strong trading volume on Monday . 85,649 shares traded hands during mid-day trading, an increase of 10% from the previous session’s volume of 78,212 shares.The stock last traded at $3.0950 and had previously closed at $3.06.

Analyst Upgrades and Downgrades

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

ZKH Group Trading Down 3.3%

The business’s 50 day moving average price is $2.95 and its two-hundred day moving average price is $2.99. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.62 and a current ratio of 1.85. The company has a market capitalization of $480.35 million, a price-to-earnings ratio of -19.73 and a beta of 0.44.

Hedge Funds Weigh In On ZKH Group

Hedge funds have recently modified their holdings of the company. XTX Topco Ltd bought a new stake in ZKH Group in the second quarter worth about $33,000. Jane Street Group LLC acquired a new stake in ZKH Group during the first quarter valued at approximately $66,000. Finally, Jain Global LLC bought a new stake in ZKH Group during the third quarter worth approximately $238,000. 9.52% of the stock is currently owned by institutional investors and hedge funds.

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.