ZKH Group (NYSE:ZKH) Shares Down 3.9% – Should You Sell?

ZKH Group Limited Unsponsored ADR (NYSE:ZKH)’s share price traded down 3.9% during mid-day trading on Friday . The company traded as low as $3.16 and last traded at $3.21. 163,718 shares were traded during trading, an increase of 91% from the average session volume of 85,680 shares. The stock had previously closed at $3.34.

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 equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, ZKH Group presently has an average rating of “Sell”.

ZKH Group Stock Down 3.6%

The firm has a market capitalization of $522.54 million, a PE ratio of -21.47 and a beta of 0.32. The company has a fifty day simple moving average of $3.00 and a two-hundred day simple moving average of $3.01. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.62 and a current ratio of 1.85.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ZKH. XTX Topco Ltd purchased a new stake in shares of ZKH Group in the 2nd quarter worth approximately $33,000. Jane Street Group LLC purchased a new position in ZKH Group during the first quarter valued at approximately $66,000. Finally, Jain Global LLC bought a new position in ZKH Group in the third quarter worth approximately $238,000. 9.52% of the stock is currently owned by institutional investors.

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.