ZKH Group Limited Unsponsored ADR (NYSE:ZKH - Get Free Report) shares saw strong trading volume on Tuesday . 74,619 shares traded hands during trading, an increase of 38% from the previous session's volume of 54,262 shares.The stock last traded at $3.20 and had previously closed at $3.15.
ZKH Group Stock Up 0.3%
The firm has a fifty day simple moving average of $3.02 and a 200-day simple moving average of $3.27. The company has a market capitalization of $511.60 million, a PE ratio of -15.05 and a beta of 0.36. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.71 and a current ratio of 1.96.
ZKH Group announced that its Board of Directors has initiated a share repurchase program on Friday, June 13th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.
Institutional Trading of ZKH Group
Institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new stake in shares of ZKH Group in the 1st quarter worth about $66,000. Invesco Ltd. bought a new stake in ZKH Group in the fourth quarter valued at about $299,000. Finally, FIL Ltd raised its stake in 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 buying an additional 888,000 shares in the last quarter. 9.52% of the stock is owned by institutional investors and hedge funds.
ZKH Group Company Profile
(
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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