ZKH Group Limited Unsponsored ADR (NYSE:ZKH - Get Free Report)'s share price gapped down before the market opened on Wednesday . The stock had previously closed at $3.18, but opened at $3.04. ZKH Group shares last traded at $3.10, with a volume of 4,625 shares.
ZKH Group Trading Up 4.3%
The stock has a 50-day moving average of $2.95 and a 200 day moving average of $3.30. The stock has a market cap of $509.99 million, a PE ratio of -15.00 and a beta of 0.10. The company has a quick ratio of 1.71, a current ratio of 1.96 and a debt-to-equity ratio of 0.05.
ZKH Group announced that its board has approved a stock repurchase plan on Friday, June 13th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its shares are undervalued.
Institutional Trading of ZKH Group
A number of hedge funds and other institutional investors have recently made changes to their positions in ZKH. FIL Ltd lifted its position 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 purchasing an additional 888,000 shares during the period. Invesco Ltd. purchased a new position in shares of ZKH Group during the 4th quarter valued at about $299,000. Finally, Jane Street Group LLC acquired a new position in shares of ZKH Group in the 1st quarter valued at about $66,000. Institutional investors and hedge funds own 9.52% of the company's stock.
About ZKH Group
(
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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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