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LZ Technology (NASDAQ:LZMH) Sets New 12-Month Low - Time to Sell?

LZ Technology logo with Computer and Technology background

LZ Technology Holdings Limited (NASDAQ:LZMH - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $4.13 and last traded at $4.55, with a volume of 987974 shares changing hands. The stock had previously closed at $6.30.

LZ Technology Trading Down 11.3%

The stock's 50-day moving average is $16.08.

LZ Technology Company Profile

(Get Free Report)

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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