LZ Technology (NASDAQ:LZMH) Stock Price Up 12.1% - Here's What Happened

Key Points

• LZ Technology Holdings Limited (NASDAQ:LZMH) saw a stock price increase of 12.1% during mid-day trading, reaching a high of $3.67 before closing at $3.34.
• Approximately 312,083 shares were traded, marking a significant 49% decline from the average daily trading volume of 608,156 shares.
• The company operates primarily through its entities in the PRC and had a total of 255 customers as of 2023, up from 247 in 2022.

LZ Technology Holdings Limited (NASDAQ:LZMH - ) shares rose 12.1% during mid-day trading on Wednesday . The stock traded as high as $3.67 and last traded at $3.34. Approximately 312,083 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 608,156 shares. The stock had previously closed at $2.98.

LZ Technology Stock Up 18.5%

The company's 50 day moving average price is $11.32.

LZ Technology Company Profile

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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