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LZ Technology (NASDAQ:LZMH) Trading Down 5.2% - Here's What Happened

LZ Technology logo with Computer and Technology background

LZ Technology Holdings Limited (NASDAQ:LZMH - Get Free Report)'s stock price was down 5.2% during mid-day trading on Wednesday . The company traded as low as $5.55 and last traded at $5.88. Approximately 143,404 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 616,314 shares. The stock had previously closed at $6.20.

LZ Technology Stock Performance

The stock's 50 day simple moving average is $15.18.

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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