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

Key Points

• Wall Street Zen upgraded ZKH Group from “hold” to “buy,” but Weiss Ratings separately downgraded it from “sell (d-)” to “sell (e+),” leaving MarketBeat’s average analyst rating at “Sell.”
• ZKH shares opened at $2.91, with a $377.4 million market capitalization and a 1-year trading range of $1.92 to $3.90. The company reported quarterly revenue of $359.7 million and earnings per share of $0.04.
• Institutional investors own 9.52% of the company; FIL Ltd. increased its stake by 26%, while Renaissance Technologies expanded its position by 442.1% during the reported periods.

ZKH Group (NYSE:ZKH - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Saturday.

Separately, Weiss Ratings downgraded ZKH Group from a "sell (d-)" rating to a "sell (e+)" rating in a report on Thursday, June 4th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of "Sell".

ZKH Group Price Performance

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

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

Hedge Funds Weigh In On ZKH Group

A number of hedge funds have recently added to or reduced their stakes in ZKH. FIL Ltd raised its holdings in ZKH Group by 26.0% in the 4th quarter. FIL Ltd now owns 7,621,884 shares of the company's stock valued at $28,049,000 after acquiring an additional 1,572,957 shares in the last quarter. Boundless Plain Holdings Ltd acquired a new position in shares of ZKH Group in the 4th quarter valued at approximately $8,825,000. Renaissance Technologies LLC raised its position in shares of ZKH Group by 442.1% in the 4th quarter. Renaissance Technologies LLC now owns 91,500 shares of the company's stock valued at $337,000 after buying an additional 74,621 shares in the last quarter. Jain Global LLC bought a new stake in shares of ZKH Group during the 3rd quarter worth approximately $238,000. Finally, Invesco Ltd. bought a new stake in shares of ZKH Group during the 4th quarter worth approximately $291,000. Institutional investors own 9.52% of the company's stock.

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.

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