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LZ Technology (NASDAQ:LZMH) Shares Up 7% - Time to Buy?

LZ Technology logo with Computer and Technology background

Key Points

  • LZ Technology Holdings Limited shares rose by 7% on Tuesday, with the last trading price at $2.90, despite a 62% decline in trading volume compared to the average.
  • The company operates mainly through its subsidiaries in the PRC, managing a total of 255 customers who entered contracts for its products and services in 2023.
  • LZ Technology's stock has a significant 50-day simple moving average of $11.77, indicating potential volatility in its stock performance.
  • Looking to export and analyze LZ Technology data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

LZ Technology Holdings Limited (NASDAQ:LZMH - Get Free Report)'s share price was up 7% during mid-day trading on Tuesday . The company traded as high as $3.12 and last traded at $2.90. Approximately 231,330 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 609,250 shares. The stock had previously closed at $2.71.

LZ Technology Price Performance

The stock's 50-day moving average is $10.55.

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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