Shares of LZ Technology Holdings Limited (NASDAQ:LZMH - Get Free Report) dropped 6.5% during mid-day trading on Monday . The stock traded as low as $7.25 and last traded at $7.36. Approximately 315,132 shares were traded during trading, a decline of 49% from the average daily volume of 621,833 shares. The stock had previously closed at $7.87.
LZ Technology Price Performance
The company's 50-day moving average is $15.18.
LZ Technology Company Profile
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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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