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LZ Technology (NASDAQ:LZMH) Shares Gap Down - Here's Why

LZ Technology logo with Computer and Technology background

LZ Technology Holdings Limited (NASDAQ:LZMH - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $10.85, but opened at $10.36. LZ Technology shares last traded at $8.65, with a volume of 212,571 shares.

LZ Technology Stock Performance

The business has a fifty day moving average of $16.00.

About LZ Technology

(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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