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

LZ Technology logo with Computer and Technology background

Key Points

  • LZ Technology Holdings Limited (NASDAQ:LZMH) experienced a significant gap down in stock price, opening at $5.50 after a previous close of $6.10.
  • The company reported a total of 255 customers for the year 2023, reflecting a slight increase from 247 customers in 2022.
  • LZ Technology has a fifty-day simple moving average of $14.60, indicating a considerable drop from its current trading prices.
  • Want stock alerts on LZ Technology? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

LZ Technology Holdings Limited (NASDAQ:LZMH - Get Free Report)'s share price gapped down prior to trading on Wednesday . The stock had previously closed at $6.10, but opened at $5.50. LZ Technology shares last traded at $5.66, with a volume of 25,117 shares changing hands.

LZ Technology Stock Performance

The business's fifty day moving average is $14.05.

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.

Further Reading

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