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LZ Technology (NASDAQ:LZMH) Shares Down 1.2% - Time to Sell?

LZ Technology logo with Computer and Technology background

Key Points

  • LZ Technology Holdings Limited (NASDAQ:LZMH) shares fell by 1.2%, trading between $5.55 and $5.80 during Friday's session.
  • The trading volume was significantly low, with just 112,612 shares exchanged, marking an 81% decline from the average volume of 607,652 shares.
  • LZ Technology operates through entities in the PRC, serving a growing customer base of 255 clients in 2023, up from 247 in 2022.
  • MarketBeat previews top five stocks to own in August.
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Shares of LZ Technology Holdings Limited (NASDAQ:LZMH - Get Free Report) traded down 1.2% during mid-day trading on Friday . The stock traded as low as $5.55 and last traded at $5.80. 112,612 shares were traded during mid-day trading, a decline of 81% from the average session volume of 607,652 shares. The stock had previously closed at $5.87.

LZ Technology Stock Performance

The business's 50 day simple moving average is $15.18.

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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