ZKH Group (NYSE:ZKH) to Repurchase $0.00 in Stock

ZKH Group (NYSE:ZKH - Get Free Report) announced that its Board of Directors has approved a share repurchase program on Friday, June 13th, RTT News reports. The company plans to buyback $0.00 in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.

ZKH Group Stock Performance

Shares of NYSE:ZKH traded down $0.02 during trading on Monday, hitting $3.10. 21,144 shares of the stock traded hands, compared to its average volume of 37,620. The company has a quick ratio of 1.62, a current ratio of 1.81 and a debt-to-equity ratio of 0.05. The company has a fifty day moving average price of $2.93 and a two-hundred day moving average price of $3.33. ZKH Group has a 52-week low of $2.50 and a 52-week high of $4.31. The company has a market cap of $501.91 million, a price-to-earnings ratio of -8.86 and a beta of 0.10.

ZKH Group Company Profile

ZKH Group Limited develops and operates a maintenance, repair, and operating (MRO) products trading and service platform that offers spare parts, chemicals, manufacturing parts, general consumables, and office supplies in the People's Republic of China. The company provides MRO procurement and management services; digitalized MRO procurement solutions; and logistics and warehousing services.