ZKH Group (NYSE:ZKH) Director Sells 672,910 Shares

Key Points

• Director Yunjie Han sold 672,910 ZKH Group shares at an average price of $0.08, totaling $53,832.80. The sale reduced Han’s stake by 5.85%, leaving 10.83 million shares.
• ZKH shares opened at $2.90, with a market capitalization of approximately $376.8 million and a 52-week trading range of $1.92 to $3.90. The company reported quarterly revenue of $359.7 million and earnings of $0.04 per share.
• Analyst sentiment remains negative overall, with ZKH carrying a consensus “Sell” rating despite one firm upgrading the stock to “Buy.” Institutional investors and hedge funds own approximately 9.52% of the company.

ZKH Group Limited Unsponsored ADR (NYSE:ZKH - Get Free Report) Director Yunjie Han sold 672,910 shares of ZKH Group stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $0.08, for a total transaction of $53,832.80. Following the transaction, the director owned 10,827,180 shares of the company's stock, valued at approximately $866,174.40. The trade was a 5.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

ZKH Group Price Performance

ZKH stock opened at $2.90 on Friday. The stock's 50 day moving average price is $2.87 and its 200 day moving average price is $2.93. The firm has a market cap of $376.75 million, a P/E ratio of -290.50 and a beta of 0.39. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.59 and a current ratio of 1.77. ZKH Group Limited Unsponsored ADR 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 for the quarter. ZKH Group had a negative return on equity of 0.06% and a negative net margin of 0.02%.The company had revenue of $359.70 million during the quarter.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ZKH. Wall Street Zen upgraded shares of ZKH Group from a "hold" rating to a "buy" rating in a report on Saturday, August 29th. 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, Based on data from MarketBeat, ZKH Group currently has an average rating of "Sell".

Hedge Funds Weigh In On ZKH Group

Institutional investors have recently added to or reduced their stakes in the business. FIL Ltd boosted its holdings in shares of 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 purchasing an additional 1,572,957 shares during the last quarter. Boundless Plain Holdings Ltd acquired a new position in ZKH Group in the fourth quarter valued at $8,825,000. Renaissance Technologies LLC grew its position in ZKH Group by 442.1% during the fourth quarter. Renaissance Technologies LLC now owns 91,500 shares of the company's stock valued at $337,000 after acquiring an additional 74,621 shares during the period. Jain Global LLC purchased a new stake in ZKH Group during the third quarter valued at about $238,000. Finally, Invesco Ltd. acquired a new stake in ZKH Group during the fourth quarter worth about $291,000. 9.52% of the stock is currently owned by institutional investors and hedge funds.

ZKH Group Company Profile

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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