Weiss Ratings Reiterates “Sell (E+)” Rating for ZEEKR Intelligent Technology (NYSE:ZK)

ZEEKR Intelligent Technology (NYSE:ZK)‘s stock had its “sell (e+)” rating reiterated by investment analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded shares of ZEEKR Intelligent Technology from a “hold” rating to a “buy” rating in a research report on Sunday, September 28th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $34.87.

ZEEKR Intelligent Technology Stock Down 1.0%

ZK stock opened at $29.95 on Wednesday. ZEEKR Intelligent Technology has a twelve month low of $17.91 and a twelve month high of $33.32. The stock has a market capitalization of $7.67 billion, a price-to-earnings ratio of -16.55 and a beta of 0.10. The firm’s fifty day simple moving average is $29.51 and its two-hundred day simple moving average is $26.80.

Hedge Funds Weigh In On ZEEKR Intelligent Technology

Institutional investors have recently made changes to their positions in the company. Brooklyn Investment Group increased its holdings in shares of ZEEKR Intelligent Technology by 2,014.8% during the 1st quarter. Brooklyn Investment Group now owns 1,290 shares of the company’s stock valued at $31,000 after purchasing an additional 1,229 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in ZEEKR Intelligent Technology in the 1st quarter worth $44,000. XTX Topco Ltd purchased a new stake in ZEEKR Intelligent Technology in the 2nd quarter worth $216,000. Catalyst Funds Management Pty Ltd purchased a new stake in ZEEKR Intelligent Technology in the 2nd quarter worth $225,000. Finally, Tidal Investments LLC purchased a new stake in ZEEKR Intelligent Technology in the 2nd quarter worth $227,000.

About ZEEKR Intelligent Technology

ZEEKR Intelligent Technology Holding Limited, an investment holding company, engages in the research and development, production, commercialization, and sale of the electric vehicles and batteries. It offers battery electric passenger vehicles (BEVs) and SUVs. The company also produces and sells electric powertrain and battery packs for electric vehicles, such as motors and electric control systems; and provides automotive related research and development services.