ZKH Group (NYSE:ZKH) Director Yunjie Han Sells 672,910 Shares

ZKH Group Limited Unsponsored ADR (NYSE:ZKH) Director Yunjie Han sold 672,910 shares of the company’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $0.08, for a total value of $53,832.80. Following the sale, the director directly owned 10,827,180 shares of the company’s stock, valued at $866,174.40. The trade was a 5.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

ZKH Group Trading Up 0.5%

Shares of ZKH stock opened at $2.92 on Friday. ZKH Group Limited Unsponsored ADR has a 12 month low of $1.92 and a 12 month high of $3.90. The company has a quick ratio of 1.59, a current ratio of 1.77 and a debt-to-equity ratio of 0.04. The business’s 50 day moving average is $2.89 and its two-hundred day moving average is $2.93. The company has a market cap of $378.06 million, a PE ratio of -291.50 and a beta of 0.39.

ZKH Group (NYSE:ZKH) last issued its quarterly earnings data on Friday, August 21st. The company reported $0.04 earnings per share for the quarter. ZKH Group had a negative net margin of 0.02% and a negative return on equity of 0.06%. The business had revenue of $359.70 million during the quarter.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ZKH. FIL Ltd boosted its position in shares of ZKH Group by 26.0% in the fourth quarter. FIL Ltd now owns 7,621,884 shares of the company’s stock valued at $28,049,000 after acquiring an additional 1,572,957 shares during the period. Boundless Plain Holdings Ltd bought a new position in ZKH Group during the fourth quarter worth $8,825,000. Renaissance Technologies LLC raised its stake in ZKH Group by 442.1% during the 4th quarter. Renaissance Technologies LLC now owns 91,500 shares of the company’s stock valued at $337,000 after purchasing an additional 74,621 shares during the last quarter. Jain Global LLC acquired a new position in ZKH Group during the 3rd quarter valued at $238,000. Finally, Invesco Ltd. bought a new stake in ZKH Group in the 4th quarter valued at $291,000. 9.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Wall Street Zen raised shares of ZKH Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ZKH Group in a research report on Tuesday, September 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, ZKH Group presently has an average rating of “Sell”.

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. 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.