ZKH Group (NYSE:ZKH) Shares Down 5.3%

ZKH Group Limited (NYSE:ZKH)’s share price fell 5.3% during trading on Wednesday . The stock traded as low as $10.10 and last traded at $10.10. 11,619 shares were traded during mid-day trading, a decline of 77% from the average session volume of 51,537 shares. The stock had previously closed at $10.67.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft started coverage on shares of ZKH Group in a report on Friday, January 26th. They set a “buy” rating and a $21.30 price target for the company.

ZKH Group Stock Performance

The firm has a 50 day moving average of $14.58. The company has a current ratio of 1.73, a quick ratio of 1.56 and a debt-to-equity ratio of 0.05.

ZKH Group (NYSE:ZKH) last announced its quarterly earnings results on Tuesday, March 19th. The company reported $0.04 EPS for the quarter. The firm had revenue of $344.22 million during the quarter.

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.