ZKH Group (NYSE:ZKH) Upgraded at Wall Street Zen

Key Points

• ZKH Group was upgraded by Wall Street Zen to a “hold” rating, while Weiss Ratings lowered it to “sell (e+)”; MarketBeat shows the stock’s overall consensus rating remains “Sell.”
• The stock opened at $2.99, below both its 50-day moving average of $3.14 and 200-day moving average of $3.25, with a market cap of about $475.3 million.
• In its latest earnings report, ZKH Group posted $0.01 EPS, missing estimates, but revenue of $381.4 million came in above expectations; the company also reported negative net margin and negative return on equity.

ZKH Group (NYSE:ZKH - Get Free Report) was upgraded by equities research analysts at Wall Street Zen to a "hold" rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings lowered ZKH Group from a "sell (d-)" rating to a "sell (e+)" rating in a research note on Monday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of "Sell".

ZKH Group Stock Performance

NYSE:ZKH opened at $2.99 on Friday. The stock's 50-day simple moving average is $3.14 and its 200 day simple moving average is $3.25. The firm has a market capitalization of $475.28 million, a PE ratio of -23.00 and a beta of 0.49. The company has a quick ratio of 1.60, a current ratio of 1.79 and a debt-to-equity ratio of 0.05. ZKH Group has a twelve month low of $2.20 and a twelve month high of $3.90.

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 for the quarter, missing the consensus estimate of $0.05 by ($0.04). The business had revenue of $381.40 million during the quarter, compared to analyst estimates of $351.68 million. ZKH Group had a negative net margin of 1.54% and a negative return on equity of 4.67%.

Hedge Funds Weigh In On ZKH Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Invesco Ltd. acquired a new position in shares of ZKH Group in the fourth quarter worth approximately $291,000. XTX Topco Ltd acquired a new position in shares of ZKH Group in the fourth quarter worth approximately $63,000. FIL Ltd lifted its stake in shares of ZKH Group by 26.0% in the fourth quarter. FIL Ltd now owns 7,621,884 shares of the company's stock worth $28,049,000 after acquiring an additional 1,572,957 shares during the period. Renaissance Technologies LLC lifted its stake in shares of ZKH Group by 442.1% in the fourth quarter. Renaissance Technologies LLC now owns 91,500 shares of the company's stock worth $337,000 after acquiring an additional 74,621 shares during the period. Finally, Goldman Sachs Group Inc. acquired a new position in shares of ZKH Group in the fourth quarter worth approximately $106,000. 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. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.