ZKH Group (NYSE:ZKH) Stock Bumped Down to “Hold” by Wall Street Zen

Wall Street Zen cut shares of ZKH Group (NYSE:ZKH) from a buy rating to a hold rating in a research report released on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings reissued 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 MarketBeat.com, the stock presently has an average rating of “Sell”.

ZKH Group Trading Up 0.1%

ZKH stock opened at $2.86 on Friday. ZKH Group has a twelve month low of $1.92 and a twelve month high of $3.90. The stock has a market capitalization of $371.43 million, a price-to-earnings ratio of -286.40 and a beta of 0.39. 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 firm’s fifty day simple moving average is $2.91 and its two-hundred day simple moving average is $2.89.

ZKH Group (NYSE:ZKH) last released 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 firm had revenue of $359.70 million during the quarter.

Insider Buying and Selling

In other ZKH Group news, Director Yunjie Han sold 9,289,000 shares of the company’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $0.08, for a total value of $743,120.00. Following the transaction, the director owned 1,538,180 shares of the company’s stock, valued at $123,054.40. This represents a 85.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

About ZKH Group

ZKH Group Limited is a China-based maintenance, repair and operations (MRO) products and services provider. The company operates digital procurement platforms that connect industrial product suppliers with business customers, helping organizations source supplies used to maintain, repair and operate factories, facilities and equipment.

Its product offerings include fasteners, bearings, transmission components, electrical and electronic products, tools, hardware, safety supplies and other industrial consumables.