ZKH Group (NYSE:ZKH) Upgraded by Wall Street Zen to Buy Rating

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

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, ZKH Group currently has an average rating of “Sell”.

ZKH Group Trading Down 1.7%

Shares of ZKH stock opened at $2.91 on Friday. The stock has a market cap of $377.40 million, a P/E ratio of -291.00 and a beta of 0.38. ZKH Group has a 1 year low of $1.92 and a 1 year high of $3.90. The company has a current ratio of 1.77, a quick ratio of 1.64 and a debt-to-equity ratio of 0.04. The stock has a 50 day simple moving average of $2.75 and a 200 day simple moving average of $2.97.

ZKH Group (NYSE:ZKH) last posted 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%.

Institutional Trading of ZKH Group

Large investors have recently bought and sold shares of the business. XTX Topco Ltd bought a new position in ZKH Group in the second quarter valued at about $33,000. Jane Street Group LLC acquired a new stake in shares of ZKH Group in the 1st quarter valued at approximately $66,000. Goldman Sachs Group Inc. acquired a new stake in shares of ZKH Group in the 4th quarter valued at approximately $106,000. Jain Global LLC bought a new stake in shares of ZKH Group during the 3rd quarter valued at approximately $238,000. Finally, Invesco Ltd. bought a new stake in shares of ZKH Group during the 4th quarter valued at approximately $291,000. 9.52% of the stock is owned by institutional investors and hedge funds.

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.