ZKH Group (NYSE:ZKH) Trading 2.7% Higher – Still a Buy?

Shares of ZKH Group Limited (NYSE:ZKH) shot up 2.7% during mid-day trading on Tuesday . The company traded as high as $3.45 and last traded at $3.38. 46,478 shares were traded during trading, a decline of 44% from the average session volume of 83,590 shares. The stock had previously closed at $3.29.

ZKH Group Stock Up 1.1 %

The stock has a market cap of $573.98 million, a PE ratio of -10.14 and a beta of -0.15. The business has a 50-day moving average price of $3.56 and a 200-day moving average price of $3.57. The company has a current ratio of 1.81, a quick ratio of 1.62 and a debt-to-equity ratio of 0.05.

Institutional Trading of ZKH Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp acquired a new stake in ZKH Group in the 3rd quarter valued at approximately $45,000. Invesco Ltd. acquired a new position in shares of ZKH Group during the fourth quarter worth $299,000. Finally, FIL Ltd raised its position in shares of ZKH Group by 30.0% during the 4th quarter. FIL Ltd now owns 3,845,797 shares of the company’s stock worth $13,499,000 after acquiring an additional 888,000 shares in the last quarter. 9.52% of the stock is owned by institutional investors and hedge funds.

About ZKH Group

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.