Shares of LZ Technology Holdings Limited (NASDAQ:LZMH - Get Free Report) traded down 0.9% on Wednesday . The company traded as low as $3.12 and last traded at $3.17. 799,615 shares changed hands during trading, an increase of 47% from the average session volume of 544,763 shares. The stock had previously closed at $3.20.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a "sell (d)" rating on shares of LZ Technology in a research report on Wednesday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, LZ Technology presently has an average rating of "Sell".
Read Our Latest Report on LZMH
LZ Technology Stock Down 0.9%
The stock has a fifty day simple moving average of $3.52 and a 200 day simple moving average of $9.18.
Institutional Trading of LZ Technology
A hedge fund recently bought a new stake in LZ Technology stock. BNP Paribas Financial Markets purchased a new position in LZ Technology Holdings Limited (NASDAQ:LZMH - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,056 shares of the company's stock, valued at approximately $51,000.
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.
See Also
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