ZKH Group Limited Unsponsored ADR (NYSE:ZKH - Get Free Report)'s share price traded up 0.7% during mid-day trading on Thursday . The company traded as high as $3.05 and last traded at $3.01. 546,448 shares traded hands during mid-day trading, an increase of 768% from the average session volume of 62,920 shares. The stock had previously closed at $2.99.
ZKH Group Trading Down 1.7%
The company has a market cap of $482.46 million, a P/E ratio of -14.19 and a beta of 0.37. The stock's 50 day moving average is $3.07 and its 200-day moving average is $3.20. 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 declared that its board has initiated a stock buyback plan on Friday, June 13th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company's board believes its shares are undervalued.
Hedge Funds Weigh In On ZKH Group
A hedge fund recently bought a new stake in ZKH Group stock. Invesco Ltd. bought a new stake in shares of ZKH Group Limited Unsponsored ADR (NYSE:ZKH - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 85,270 shares of the company's stock, valued at approximately $299,000. Invesco Ltd. owned 0.07% of ZKH Group as of its most recent filing with the Securities and Exchange Commission. 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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