ZKH Group (NYSE:ZKH) Earns “Sell (E+)” Rating from Weiss Ratings

ZKH Group (NYSE:ZKH)‘s stock had its “sell (e+)” rating reiterated by Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

ZKH Group Stock Performance

Shares of ZKH stock opened at $2.96 on Wednesday. ZKH Group has a one year low of $2.50 and a one year high of $4.07. The company’s 50-day moving average is $2.92 and its 200 day moving average is $3.00. The company has a market capitalization of $479.99 million, a price-to-earnings ratio of -14.80 and a beta of 0.42. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.66 and a current ratio of 1.90.

ZKH Group announced that its Board of Directors has approved a stock buyback plan on Friday, June 13th that permits the company to buyback $0.00 in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Institutional Trading of ZKH Group

A hedge fund recently bought a new stake in ZKH Group stock. XTX Topco Ltd purchased a new stake in shares of ZKH Group Limited Unsponsored ADR (NYSE:ZKH) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 10,870 shares of the company’s stock, valued at approximately $33,000. 9.52% of the stock is currently owned by institutional investors and hedge funds.

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.