ZKH Group (NYSE:ZKH) Raised to “Buy” at Wall Street Zen

ZKH Group (NYSE:ZKH) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Separately, Weiss Ratings downgraded shares of ZKH Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, June 4th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

ZKH Group Stock Down 0.3%

ZKH stock opened at $2.91 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.77 and a quick ratio of 1.59. The stock has a market capitalization of $377.40 million, a price-to-earnings ratio of -291.00 and a beta of 0.38. The business’s fifty day moving average price is $2.75 and its two-hundred day moving average price is $2.97. ZKH Group has a fifty-two week low of $1.92 and a fifty-two week high of $3.90.

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

Institutional Trading of ZKH Group

Large investors have recently modified their holdings of the stock. Boundless Plain Holdings Ltd acquired a new position in ZKH Group in the fourth quarter valued at about $8,825,000. Invesco Ltd. bought a new stake in ZKH Group during the fourth quarter worth about $291,000. FIL Ltd grew its stake in ZKH Group by 26.0% during the fourth quarter. FIL Ltd now owns 7,621,884 shares of the company’s stock worth $28,049,000 after buying an additional 1,572,957 shares in the last quarter. Renaissance Technologies LLC grew its stake in ZKH Group by 442.1% during the fourth quarter. Renaissance Technologies LLC now owns 91,500 shares of the company’s stock worth $337,000 after buying an additional 74,621 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of ZKH Group in the 4th quarter valued at approximately $63,000. 9.52% of the stock is owned by institutional investors and hedge funds.

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.