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LZ Technology (NASDAQ:LZMH) Shares Up 15.9% - Still a Buy?

LZ Technology logo with Computer and Technology background

LZ Technology Holdings Limited (NASDAQ:LZMH - Get Free Report)'s share price was up 15.9% during mid-day trading on Friday . The company traded as high as $17.97 and last traded at $17.97. Approximately 70,841 shares were traded during trading, a decline of 88% from the average daily volume of 595,132 shares. The stock had previously closed at $15.50.

LZ Technology Stock Performance

The business's 50-day moving average is $15.35.

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.

Further Reading

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