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LZ Technology (NASDAQ:LZMH) Stock Price Down 15.3% - Here's Why

LZ Technology logo with Computer and Technology background

LZ Technology Holdings Limited (NASDAQ:LZMH - Get Free Report)'s share price was down 15.3% during trading on Tuesday . The stock traded as low as $5.80 and last traded at $6.05. Approximately 222,206 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 619,028 shares. The stock had previously closed at $7.14.

LZ Technology Price Performance

The company's 50 day moving average price is $15.51.

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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