ZKH Group (NYSE:ZKH) Shares Gap Up to $11.79

ZKH Group Limited (NYSE:ZKHGet Free Report)’s share price gapped up prior to trading on Friday . The stock had previously closed at $11.79, but opened at $12.50. ZKH Group shares last traded at $12.40, with a volume of 4,729 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft initiated coverage on ZKH Group in a report on Friday, January 26th. They set a “buy” rating and a $21.30 target price for the company.

View Our Latest Stock Analysis on ZKH

ZKH Group Trading Up 5.4 %

The company has a debt-to-equity ratio of 0.05, a current ratio of 1.73 and a quick ratio of 1.56. The firm’s fifty day simple moving average is $16.88.

ZKH Group (NYSE:ZKHGet Free Report) last posted its quarterly earnings results on Tuesday, March 19th. The company reported $0.04 earnings per share for the quarter. The business had revenue of $344.22 million for the quarter.

ZKH Group Company Profile

(Get Free Report)

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 also provides MRO procurement and management services; digitalized MRO procurement solutions; and logistics and warehousing services.

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