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LZ Technology (NASDAQ:LZMH) Shares Down 1.7% - Here's Why

LZ Technology logo with Computer and Technology background

Key Points

  • LZ Technology Holdings Limited (NASDAQ:LZMH) shares experienced a decline of 1.7%, trading as low as $5.78 before closing at $5.91.
  • The trading volume for the day was approximately 30,070 shares, which represents a significant decrease of 95% compared to its average daily volume of 590,338 shares.
  • The company's 50-day moving average is currently $14.46, indicating a potential long-term decline in 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 stock price was down 1.7% during mid-day trading on Thursday . The stock traded as low as $5.78 and last traded at $5.91. Approximately 30,070 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 590,338 shares. The stock had previously closed at $6.01.

LZ Technology Stock Performance

The company has a 50-day moving average of $14.05.

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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