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LZ Technology (NASDAQ:LZMH) Shares Down 6.2% - Should You Sell?

LZ Technology logo with Computer and Technology background

Key Points

  • LZ Technology Holdings Limited's stock price fell 6.2% on Wednesday, trading as low as $5.50 and closing at $5.72.
  • Trading volume was significantly lower than average, with approximately 31,162 shares exchanged compared to a typical daily volume of 594,761 shares.
  • The company's operations are conducted through subsidiaries in the PRC, serving a total of 255 customers in 2023, up from 247 in 2022.
  • Want stock alerts on LZ Technology? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

LZ Technology Holdings Limited (NASDAQ:LZMH - Get Free Report)'s share price was down 6.2% during mid-day trading on Wednesday . The company traded as low as $5.50 and last traded at $5.72. Approximately 31,162 shares changed hands during trading, a decline of 95% from the average daily volume of 594,761 shares. The stock had previously closed at $6.10.

LZ Technology Price Performance

The company has a fifty 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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