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LZ Technology (NASDAQ:LZMH) Trading Down 4.1% - Should You Sell?

LZ Technology logo with Business Services background

Shares of LZ Technology Holdings Ltd (NASDAQ:LZMH - Get Free Report) dropped 4.1% during trading on Thursday . The company traded as low as $23.00 and last traded at $23.09. Approximately 52,016 shares were traded during trading, a decline of 90% from the average daily volume of 535,644 shares. The stock had previously closed at $24.07.

LZ Technology Price Performance

The firm has a 50 day moving average of $12.76.

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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