ZKH Group (NYSE:ZKH) Given "Sell (E+)" Rating at Weiss Ratings

Key Points

• ZKH Group's stock has been reaffirmed with a "sell (E+)" rating by Weiss Ratings, indicating ongoing concerns about its performance.
• The company's stock price remained flat at $3.00, with a market capitalization of $486.48 million and a price-to-earnings ratio of -15.00.
• An institutional investor, XTX Topco Ltd, recently bought 10,870 shares of ZKH Group, reflecting growing interest among institutional investors who own 9.52% of the company's stock.

ZKH Group (NYSE:ZKH - Get Free Report)'s stock had its "sell (e+)" rating reaffirmed by equities research analysts at Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.

ZKH Group Stock Performance

ZKH stock remained flat at $3.00 during midday trading on Friday. 7,487 shares of the company traded hands, compared to its average volume of 77,216. The firm has a market cap of $486.48 million, a price-to-earnings ratio of -15.00 and a beta of 0.42. The company has a current ratio of 1.90, a quick ratio of 1.66 and a debt-to-equity ratio of 0.05. ZKH Group has a 1-year low of $2.50 and a 1-year high of $4.07. The company's fifty day moving average price is $2.92 and its two-hundred day moving average price is $2.97.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ZKH Group stock. XTX Topco Ltd purchased a new position in ZKH Group Limited Unsponsored ADR (NYSE:ZKH - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,870 shares of the company's stock, valued at approximately $33,000. Institutional investors and hedge funds own 9.52% of the company's stock.

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.

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