ZKH Group (NYSE:ZKH) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of ZKH Group (NYSE:ZKH) to a hold rating in a research report sent to investors on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ZKH Group in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

ZKH Group Stock Up 0.5%

Shares of NYSE:ZKH opened at $3.70 on Friday. ZKH Group has a 52-week low of $2.50 and a 52-week high of $3.90. The business’s 50 day simple moving average is $3.20 and its two-hundred day simple moving average is $3.06. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.62 and a current ratio of 1.85. The firm has a market cap of $600.27 million, a P/E ratio of -24.66 and a beta of 0.18.

Institutional Investors Weigh In On ZKH Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Jain Global LLC purchased a new stake in shares of ZKH Group in the 3rd quarter worth about $238,000. Jane Street Group LLC bought a new position in ZKH Group in the first quarter worth about $66,000. Finally, XTX Topco Ltd purchased a new stake in ZKH Group in the second quarter worth about $33,000. 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.