ZKH Group (NYSE:ZKH) Upgraded at Wall Street Zen

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

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of ZKH Group in a report on Tuesday, September 1st. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company has a consensus rating of “Sell”.

ZKH Group Trading Down 6.2%

ZKH Group stock opened at $1.91 on Friday. ZKH Group has a 1 year low of $1.90 and a 1 year high of $3.90. The firm’s 50-day moving average is $2.80 and its 200-day moving average is $2.83. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.59 and a current ratio of 1.77. The company has a market cap of $247.06 million, a P/E ratio of -190.50 and a beta of 0.39.

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

Insider Buying and Selling

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

ZKH Group Company Profile

ZKH Group Limited (NYSE: ZKH) operates a business-to-business maintenance, repair and operations (MRO) procurement platform in China. Through its digital marketplace and direct-sales channels, the company helps industrial and commercial customers source a broad range of products used to maintain facilities, machinery and production operations.

Its product offerings include tools, fasteners, bearings, electrical and mechanical components, safety products, material-handling equipment and other general industrial consumables.