ZKH Group (NYSE:ZKH) Trading Down 2% - Time to Sell?

Key Points

• ZKH Group Limited saw its stock price decrease by 2%, trading as low as $2.81 on Tuesday, with a total of 20,333 shares traded, which is a 20% decline from its average volume.
• Analysts maintain a "sell" rating on ZKH Group, with Weiss Ratings reiterating this stance based on their latest research.
• The company approved a share buyback plan recently, indicating potential confidence from leadership in the value of its shares despite current market performance.

ZKH Group Limited Unsponsored ADR (NYSE:ZKH - Get Free Report) traded down 2% on Tuesday . The stock traded as low as $2.81 and last traded at $2.82. 20,333 shares traded hands during trading, a decline of 20% from the average session volume of 25,267 shares. The stock had previously closed at $2.88.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a "sell (e+)" rating on shares of ZKH Group in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of "Sell".

ZKH Group Trading Down 2.0%

The company has a quick ratio of 1.66, a current ratio of 1.90 and a debt-to-equity ratio of 0.05. The stock has a fifty day simple moving average of $2.92 and a 200 day simple moving average of $3.01. The firm has a market capitalization of $457.45 million, a P/E ratio of -14.11 and a beta of 0.42.

ZKH Group announced that its board has approved a share buyback plan on Friday, June 13th that allows the company to buyback $0.00 in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

Institutional Investors Weigh In On ZKH Group

An institutional investor recently bought a new position in ZKH Group stock. XTX Topco Ltd purchased a new stake in shares of ZKH Group Limited Unsponsored ADR (NYSE:ZKH - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 10,870 shares of the company's stock, valued at approximately $33,000. 9.52% of the stock is owned by institutional investors and hedge funds.

ZKH Group Company Profile

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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