ZKH Group (NYSE:ZKH) Shares Down 5.9% – What’s Next?

ZKH Group Limited Unsponsored ADR (NYSE:ZKH) shares were down 5.9% on Tuesday . The stock traded as low as $3.43 and last traded at $3.4640. Approximately 725,256 shares changed hands during mid-day trading, an increase of 157% from the average daily volume of 282,626 shares. The stock had previously closed at $3.68.

Analysts Set New Price Targets

ZKH has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ZKH Group in a research report on Wednesday, October 8th. Wall Street Zen raised ZKH Group to a “hold” rating in a research report on Saturday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, ZKH Group currently has a consensus rating of “Sell”.

ZKH Group Trading Down 14.3%

The company has a 50 day simple moving average of $3.22 and a two-hundred day simple moving average of $3.07. 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 $511.98 million, a PE ratio of -20.91 and a beta of 0.18.

Hedge Funds Weigh In On ZKH Group

A number of institutional investors have recently bought and sold shares of ZKH. Jain Global LLC acquired a new stake in ZKH Group during the 3rd quarter valued at approximately $238,000. Jane Street Group LLC purchased a new position in shares of ZKH Group during the first quarter worth $66,000. Finally, XTX Topco Ltd acquired a new position in ZKH Group during the second quarter valued at $33,000. 9.52% of the stock is owned by hedge funds and other institutional investors.

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.