ZKH Group (NYSE:ZKH) Trading Up 0.7% – Here’s Why

ZKH Group Limited (NYSE:ZKH) rose 0.7% during mid-day trading on Monday . The stock traded as high as $3.79 and last traded at $3.64. Approximately 58,463 shares were traded during mid-day trading, an increase of 73% from the average daily volume of 33,710 shares. The stock had previously closed at $3.61.

Analysts Set New Price Targets

Separately, CICC Research assumed coverage on shares of ZKH Group in a research note on Monday, September 30th. They issued an “outperform” rating and a $4.00 target price on the stock.

ZKH Group Trading Up 0.7 %

The company has a market cap of $464.90 million and a P/E ratio of -10.39. The stock’s 50-day moving average is $3.56 and its two-hundred day moving average is $3.43. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.81 and a quick ratio of 1.62.

ZKH Group (NYSE:ZKH) last announced its earnings results on Friday, November 22nd. The company reported ($0.07) EPS for the quarter. ZKH Group had a negative net margin of 2.47% and a negative return on equity of 6.86%.

Institutional Trading of ZKH Group

An institutional investor recently bought a new position in ZKH Group stock. State Street Corp bought a new stake in shares of ZKH Group Limited (NYSE:ZKH) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 12,192 shares of the company’s stock, valued at approximately $45,000. 9.52% of the stock is currently owned by institutional investors.

ZKH Group Company 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.