ZKH Group (NYSE:ZKH) Trading Up 6% – Should You Buy?

ZKH Group Limited Unsponsored ADR (NYSE:ZKH)’s share price shot up 6% during trading on Wednesday . The stock traded as high as $3.35 and last traded at $3.4250. 33,788 shares traded hands during trading, a decline of 64% from the average session volume of 93,470 shares. The stock had previously closed at $3.23.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued 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 Price Performance

The company’s 50-day simple moving average is $3.08 and its 200 day simple moving average is $3.03. The company has a market capitalization of $558.24 million, a P/E ratio of -22.93 and a beta of 0.32. The company has a quick ratio of 1.62, a current ratio of 1.85 and a debt-to-equity ratio of 0.05.

Hedge Funds Weigh In On ZKH Group

Hedge funds have recently bought and sold shares of the business. XTX Topco Ltd acquired a new stake in shares of ZKH Group in the second quarter worth about $33,000. Jane Street Group LLC bought a new position in shares of ZKH Group in the 1st quarter valued at approximately $66,000. Finally, Jain Global LLC bought a new position in shares of ZKH Group in the 3rd quarter valued at approximately $238,000. 9.52% of the stock is owned by institutional investors and hedge funds.

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. 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.