FIL Ltd Acquires 888,000 Shares of ZKH Group Limited (NYSE:ZKH)

FIL Ltd increased its holdings in ZKH Group Limited (NYSE:ZKH) by 30.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,845,797 shares of the company’s stock after purchasing an additional 888,000 shares during the quarter. FIL Ltd’s holdings in ZKH Group were worth $13,499,000 at the end of the most recent reporting period.

Separately, State Street Corp bought a new stake in shares of ZKH Group in the 3rd quarter valued at about $45,000. 9.52% of the stock is owned by institutional investors and hedge funds.

ZKH Group Price Performance

Shares of ZKH opened at $2.93 on Friday. The business has a 50-day moving average of $3.49 and a 200-day moving average of $3.58. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.81 and a quick ratio of 1.62. The company has a market capitalization of $473.73 million, a price-to-earnings ratio of -8.37 and a beta of -0.21. ZKH Group Limited has a 1 year low of $2.62 and a 1 year high of $16.20.

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.