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LZ Technology (NASDAQ:LZMH) Trading Up 10.1% - Should You Buy?

LZ Technology logo with Business Services background

LZ Technology Holdings Ltd (NASDAQ:LZMH - Get Free Report)'s share price shot up 10.1% on Friday . The company traded as high as $24.20 and last traded at $23.90. 178,884 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 550,222 shares. The stock had previously closed at $21.70.

LZ Technology Stock Up 14.7%

The company has a 50-day simple moving average of $12.41.

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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