ZKH Group (NYSE:ZKH) Shares Gap Down - Here's What Happened

Key Points

• ZKH Group shares gapped down at the open from $3.12 to $3.01 and last traded around $3.10 on light volume (~10,270 shares), showing only a small intraday recovery.
• Analyst sentiment remains weak with a MarketBeat consensus rating of "Sell", although Wall Street Zen recently upgraded the stock to a "Hold".
• The company missed quarterly EPS estimates ($0.01 vs. $0.05) but beat revenue expectations ($365.5M vs. $351.7M) and still reported a negative net margin and return on equity.

ZKH Group Limited Unsponsored ADR (NYSE:ZKH - Get Free Report)'s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $3.12, but opened at $3.01. ZKH Group shares last traded at $3.0970, with a volume of 10,270 shares traded.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised ZKH Group to a "hold" rating in a research note on Saturday, January 3rd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, ZKH Group presently has a consensus rating of "Sell".

ZKH Group Stock Up 1.0%

The business's 50-day simple moving average is $3.40 and its 200 day simple moving average is $3.21. The firm has a market cap of $511.40 million, a PE ratio of -24.23 and a beta of 0.06. The company has a current ratio of 1.79, a quick ratio of 1.60 and a debt-to-equity ratio of 0.05.

ZKH Group (NYSE:ZKH - Get Free Report) last released its quarterly earnings data on Thursday, March 19th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.04). The business had revenue of $365.51 million for the quarter, compared to the consensus estimate of $351.68 million. ZKH Group had a negative net margin of 1.54% and a negative return on equity of 4.64%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. XTX Topco Ltd bought a new stake in ZKH Group during the second quarter valued at about $33,000. Jane Street Group LLC bought a new position in ZKH Group in the first quarter worth about $66,000. Goldman Sachs Group Inc. purchased a new stake in shares of ZKH Group during the fourth quarter valued at about $106,000. Jain Global LLC purchased a new stake in shares of ZKH Group during the third quarter valued at about $238,000. Finally, Invesco Ltd. bought a new stake in shares of ZKH Group in the 4th quarter valued at about $291,000. 9.52% of the stock is owned by 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. It also engages in the production and sale of intelligent warehousing equipment. ZKH Group Limited was founded in 1998 and is based in Shanghai, the People's Republic of China.

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