State Street Corp Invests $45,000 in ZKH Group Limited (NYSE:ZKH)

State Street Corp purchased a new stake in shares of ZKH Group Limited (NYSE:ZKH) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 12,192 shares of the company’s stock, valued at approximately $45,000.

Separately, XTX Topco Ltd bought a new stake in shares of ZKH Group during the second quarter valued at about $81,000. Institutional investors and hedge funds own 9.52% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, CICC Research started coverage on shares of ZKH Group in a research report on Monday, September 30th. They issued an “outperform” rating and a $4.00 price objective for the company.

ZKH Group Trading Up 4.9 %

ZKH Group stock opened at $3.64 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.62 and a current ratio of 1.81. ZKH Group Limited has a fifty-two week low of $2.62 and a fifty-two week high of $21.91. The stock has a market cap of $465.54 million and a P/E ratio of -10.40. The firm’s fifty day moving average price is $3.63 and its 200-day moving average price is $3.45.

ZKH Group Profile

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.