XTX Topco Ltd Takes $81,000 Position in ZKH Group Limited (NYSE:ZKH)

XTX Topco Ltd acquired a new position in ZKH Group Limited (NYSE:ZKH) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,650 shares of the company’s stock, valued at approximately $81,000.

ZKH Group Stock Performance

Shares of ZKH Group stock opened at $3.57 on Wednesday. ZKH Group Limited has a 12-month low of $2.62 and a 12-month high of $21.91. The company has a quick ratio of 1.61, a current ratio of 1.80 and a debt-to-equity ratio of 0.04. The stock has a 50 day moving average price of $3.06 and a two-hundred day moving average price of $7.71.

ZKH Group (NYSE:ZKH) last posted its earnings results on Thursday, August 22nd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.09). The company had revenue of $309.61 million for the quarter.

ZKH Group declared that its board has authorized a stock repurchase program on Thursday, June 13th that allows the company to buyback $0.00 in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

Separately, CICC Research initiated coverage on ZKH Group in a research report on Monday. They issued an “outperform” rating and a $4.00 price target for the company.

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.