ZKH Group Limited Unsponsored ADR (NYSE:ZKH - Get Free Report) shares saw strong trading volume on Thursday . 81,234 shares were traded during mid-day trading, an increase of 112% from the previous session's volume of 38,348 shares.The stock last traded at $3.10 and had previously closed at $3.10.
ZKH Group Stock Down 0.3%
The firm's 50 day moving average price is $3.07 and its 200-day moving average price is $3.24. The company has a market cap of $490.56 million, a P/E ratio of -14.43 and a beta of 0.36. The company has a current ratio of 1.96, a quick ratio of 1.71 and a debt-to-equity ratio of 0.05.
ZKH Group announced that its Board of Directors has approved a stock buyback plan on Friday, June 13th that authorizes the company to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in ZKH. FIL Ltd boosted its position in shares of ZKH Group by 30.0% during the fourth quarter. FIL Ltd now owns 3,845,797 shares of the company's stock valued at $13,499,000 after purchasing an additional 888,000 shares in the last quarter. Invesco Ltd. bought a new position in ZKH Group during the fourth quarter valued at approximately $299,000. Finally, Jane Street Group LLC bought a new stake in shares of ZKH Group in the 1st quarter valued at approximately $66,000. Institutional investors own 9.52% of the company's stock.
About ZKH Group
(
Get Free Report)
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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