ZKH Group (NYSE:ZKH) Reaches New 12-Month High – Here’s What Happened

ZKH Group Limited Unsponsored ADR (NYSE:ZKH)’s share price hit a new 52-week high on Saturday . The stock traded as high as $3.90 and last traded at $3.6850, with a volume of 233478 shares traded. The stock had previously closed at $3.62.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ZKH Group in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, ZKH Group presently has a consensus rating of “Sell”.

ZKH Group Stock Up 1.8%

The company has a market capitalization of $598.00 million, a PE ratio of -24.57 and a beta of 0.32. 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 business has a fifty day moving average of $3.13 and a 200 day moving average of $3.04.

Hedge Funds Weigh In On ZKH Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd purchased a new position in ZKH Group in the second quarter valued at $33,000. Jane Street Group LLC purchased a new position in ZKH Group in the first quarter worth approximately $66,000. Finally, Jain Global LLC acquired a new position in ZKH Group during the 3rd quarter worth approximately $238,000. Hedge funds and other institutional investors own 9.52% of the company’s stock.

ZKH Group Company 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. 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.