Shares of LZ Technology Holdings Ltd (NASDAQ:LZMH – Get Free Report) fell 11.9% during mid-day trading on Tuesday . The company traded as low as $11.20 and last traded at $12.33. 88,743 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 576,297 shares. The stock had previously closed at $14.00.
LZ Technology Stock Performance
The firm has a 50 day simple moving average of $13.93.
About LZ Technology
As a holding company with no material operations of its own, LZ Technology conducts its operations through its operating entities formed in the PRC, primarily Lianzhang Portal and its subsidiaries. For the years ended December 31, 2022 and 2023, the Company had a total of 247 and 255 customers, respectively, who entered into contracts with the Company to purchase the Company’s products and services.
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