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LZ Technology (NASDAQ:LZMH) Trading Down 3.9% - Time to Sell?

LZ Technology logo with Computer and Technology background

Key Points

  • LZ Technology's stock price fell by 3.9%, closing at $5.95 after trading as low as $5.34.
  • The stock's trading volume was significantly low, with 88,143 shares changing hands, marking an 85% decline from its average volume.
  • LZ Technology has seen a slight increase in its customer base, growing from 247 customers in 2022 to 255 in 2023.
  • Five stocks to consider instead of LZ Technology.

LZ Technology Holdings Limited (NASDAQ:LZMH - Get Free Report) traded down 3.9% on Tuesday . The company traded as low as $5.34 and last traded at $5.95. 88,143 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 599,392 shares. The stock had previously closed at $6.19.

LZ Technology Trading Down 4.1%

The business's 50 day moving average price is $14.28.

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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