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LZ Technology (NASDAQ:LZMH) Trading Up 10.1% - Here's Why

LZ Technology logo with Business Services background

LZ Technology Holdings Ltd (NASDAQ:LZMH - Get Free Report) rose 10.1% during trading on Friday . The company traded as high as $24.20 and last traded at $23.90. Approximately 178,884 shares changed hands during trading, a decline of 67% from the average daily volume of 550,222 shares. The stock had previously closed at $21.70.

LZ Technology Price Performance

The company's 50-day simple moving average is $13.05.

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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