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LZ Technology (NASDAQ:LZMH) Trading Up 19.1% - Still a Buy?

LZ Technology logo with Computer and Technology background

LZ Technology Holdings Limited (NASDAQ:LZMH - Get Free Report) shares rose 19.1% during trading on Tuesday . The stock traded as high as $5.81 and last traded at $5.30. Approximately 461,055 shares were traded during trading, a decline of 24% from the average daily volume of 609,489 shares. The stock had previously closed at $4.45.

LZ Technology Trading Up 31.2%

The firm has a 50 day simple moving average of $15.51.

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.

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