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LZ Technology (NASDAQ:LZMH) Trading Down 9.3% - What's Next?

LZ Technology logo with Computer and Technology background

Key Points

  • LZ Technology Holdings Limited experienced a significant stock price drop of 9.3% during mid-day trading, closing at $3.41 after hitting a low of $2.92.
  • The company's average daily trading volume decreased by 3%, with approximately 591,786 shares traded compared to the average of 610,470 shares.
  • LZ Technology operates primarily through its subsidiaries in the PRC and had 255 customers in 2023, showing growth from 247 customers in 2022.
  • Need better tools to track LZ Technology? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

LZ Technology Holdings Limited (NASDAQ:LZMH - Get Free Report) shares traded down 9.3% on Friday . The stock traded as low as $2.92 and last traded at $3.41. 591,786 shares changed hands during mid-day trading, a decline of 3% from the average session volume of 610,470 shares. The stock had previously closed at $3.76.

LZ Technology Price Performance

The firm's 50 day simple moving average is $11.77.

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.

See Also

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