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

LZ Technology logo with Business Services background

LZ Technology Holdings Ltd (NASDAQ:LZMH - Get Free Report)'s share price gapped down before the market opened on Friday . The stock had previously closed at $18.30, but opened at $17.37. LZ Technology shares last traded at $17.20, with a volume of 101,876 shares.

LZ Technology Stock Performance

The business's 50-day moving average is $13.82.

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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