ZKH Group (NYSE:ZKH) Sees Large Volume Increase – Should You Buy?

ZKH Group Limited Unsponsored ADR (NYSE:ZKH) saw strong trading volume on Friday . 86,018 shares changed hands during mid-day trading, a decline of 8% from the previous session’s volume of 93,746 shares.The stock last traded at $3.8850 and had previously closed at $3.62.

Wall Street Analyst Weigh In

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

ZKH Group Stock Up 1.8%

The company has a quick ratio of 1.62, a current ratio of 1.85 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $598.00 million, a PE ratio of -24.57 and a beta of 0.32. The business’s 50-day moving average price is $3.13 and its 200-day moving average price is $3.04.

Hedge Funds Weigh In On ZKH Group

Several institutional investors and hedge funds have recently modified their holdings of ZKH. XTX Topco Ltd acquired a new stake in ZKH Group during the second quarter valued at $33,000. Jane Street Group LLC acquired a new stake in shares of ZKH Group during the 1st quarter valued at about $66,000. Finally, Jain Global LLC acquired a new stake in shares of ZKH Group during the 3rd quarter valued at about $238,000. 9.52% of the stock is currently owned by hedge funds and other institutional investors.

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.