ZKH Group (NYSE:ZKH) Sees Strong Trading Volume – Should You Buy?

Shares of ZKH Group Limited Unsponsored ADR (NYSE:ZKH) saw unusually-high trading volume on Friday . Approximately 191,505 shares were traded during trading, a decline of 17% from the previous session’s volume of 229,755 shares.The stock last traded at $3.73 and had previously closed at $3.68.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of ZKH Group in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

ZKH Group Stock Performance

The company has a current ratio of 1.85, a quick ratio of 1.62 and a debt-to-equity ratio of 0.05. The company has a market cap of $606.93 million, a P/E ratio of -24.93 and a beta of 0.17. The company has a 50 day moving average price of $3.19 and a 200-day moving average price of $3.06.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jain Global LLC acquired a new position in ZKH Group during the 3rd quarter worth approximately $238,000. Jane Street Group LLC bought a new stake in ZKH Group during the 1st quarter worth $66,000. Finally, XTX Topco Ltd acquired a new position in ZKH Group in the 2nd quarter worth about $33,000. Institutional investors own 9.52% of the company’s stock.

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. 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.