LZ Technology (NASDAQ:LZMH) Hits New 12-Month Low - Should You Sell?

Key Points

• LZ Technology Holdings Limited (NASDAQ:LZMH) shares hit a new 52-week low of $3.60 during trading, with the last recorded price at $3.95.
• The stock is down 16.1%, significantly below its 50-day moving average of $13.79.
• LZ Technology operates primarily through its entities in the PRC and had a total of 255 customers in 2023, slightly increasing from 247 in 2022.

LZ Technology Holdings Limited (NASDAQ:LZMH - ) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $3.60 and last traded at $3.95, with a volume of 200136 shares trading hands. The stock had previously closed at $4.48.

LZ Technology Stock Down 16.1%

The firm's 50-day moving average is $13.79.

LZ Technology Company Profile

As a holding company with no material operations of its own, LZ Technology conducts its operations through its operating entities formed in the PRC, primarily Lianzhang Portal and its subsidiaries. For the years ended December 31, 2022 and 2023, the Company had a total of 247 and 255 customers, respectively, who entered into contracts with the Company to purchase the Company's products and services.

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