ZKH Group (NYSE:ZKH) Receives Sell (E+) Rating from Weiss Ratings

Key Points

• ZKH Group's stock has received a "sell (E+)" rating from Weiss Ratings, indicating analysts' negative outlook on the company's performance.
• The company's stock traded up by 4.9% to $2.97, with a market capitalization of $481.61 million and a debt-to-equity ratio of 0.05.
• ZKH Group's Board of Directors has initiated a share buyback plan, suggesting that management believes the stock is undervalued.

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

ZKH Group Trading Up 4.9%

ZKH Group stock traded up $0.14 during mid-day trading on Wednesday, reaching $2.97. 31,290 shares of the company traded hands, compared to its average volume of 81,317. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.90 and a quick ratio of 1.66. The firm's 50 day moving average price is $2.92 and its 200 day moving average price is $3.01. The firm has a market capitalization of $481.61 million, a price-to-earnings ratio of -14.85 and a beta of 0.42. ZKH Group has a 52-week low of $2.50 and a 52-week high of $4.07.

ZKH Group declared that its Board of Directors has initiated a share buyback plan on Friday, June 13th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company's management believes its shares are undervalued.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ZKH Group stock. Jane Street Group LLC acquired a new stake in shares of ZKH Group Limited Unsponsored ADR (NYSE:ZKH - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 19,674 shares of the company's stock, valued at approximately $66,000. 9.52% of the stock is owned by hedge funds and other institutional investors.

About ZKH Group

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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