Yunjie Han Sells 9,289,000 Shares of ZKH Group (NYSE:ZKH) Stock

Key Points

• Director Yunjie Han sold 9.289 million ZKH shares at an average price of $0.08, generating $743,120 and reducing their stake by 85.79% to 1.54 million shares. Han had also sold 672,910 shares two days earlier.
• ZKH shares opened at $2.90, near their 50-day and 200-day moving averages, while the company reported quarterly revenue of $359.7 million and earnings of $0.04 per share.
• Analyst sentiment remains weak overall, with MarketBeat reporting an average “Sell” rating despite one recent upgrade to “Buy”; institutional investors own 9.52% of the company.

ZKH Group Limited Unsponsored ADR (NYSE:ZKH - Get Free Report) Director Yunjie Han sold 9,289,000 shares of the firm's stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $0.08, for a total transaction of $743,120.00. Following the completion of the sale, the director owned 1,538,180 shares of the company's stock, valued at $123,054.40. This trade represents a 85.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Yunjie Han also recently made the following trade(s):

• On Wednesday, September 9th, Yunjie Han sold 672,910 shares of ZKH Group stock. The stock was sold at an average price of $0.08, for a total transaction of $53,832.80.

ZKH Group Trading Down 0.5%

Shares of ZKH opened at $2.90 on Tuesday. ZKH Group Limited Unsponsored ADR has a twelve month low of $1.92 and a twelve month high of $3.90. The company has a current ratio of 1.77, a quick ratio of 1.59 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $376.76 million, a P/E ratio of -290.50 and a beta of 0.39. The firm's 50-day moving average is $2.89 and its two-hundred day moving average is $2.92.

ZKH Group (NYSE:ZKH - Get Free Report) last posted its quarterly earnings results on Friday, August 21st. The company reported $0.04 earnings per share (EPS) for the quarter. The company 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

An institutional investor recently bought a new position in ZKH Group stock. Boundless Plain Holdings Ltd acquired a new position in shares of ZKH Group Limited Unsponsored ADR (NYSE:ZKH - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,397,979 shares of the company's stock, valued at approximately $8,825,000. ZKH Group makes up approximately 2.8% of Boundless Plain Holdings Ltd's investment portfolio, making the stock its 7th largest position. Boundless Plain Holdings Ltd owned about 1.48% of ZKH Group as of its most recent SEC filing. Institutional investors and hedge funds own 9.52% of the company's stock.

Wall Street Analyst Weigh In

ZKH has been the subject of several research reports. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of ZKH Group in a report on Tuesday, September 1st. Wall Street Zen upgraded ZKH Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of "Sell".

ZKH Group Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.