ZKH Group (NYSE:ZKH) Sees Large Volume Increase – Still a Buy?

ZKH Group Limited Unsponsored ADR (NYSE:ZKH) shares saw an uptick in trading volume on Tuesday . 92,506 shares were traded during trading, an increase of 103% from the previous session’s volume of 45,565 shares.The stock last traded at $3.46 and had previously closed at $3.55.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of ZKH Group to a “hold” rating in a report on Saturday, January 3rd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

ZKH Group Trading Down 0.3%

The company has a 50 day moving average of $3.42 and a 200 day moving average of $3.12. The firm has a market cap of $563.11 million, a price-to-earnings ratio of -23.13 and a beta of 0.19. The company has a current ratio of 1.85, a quick ratio of 1.62 and a debt-to-equity ratio of 0.05.

Hedge Funds Weigh In On ZKH Group

Institutional investors have recently added to or reduced their stakes in the company. XTX Topco Ltd bought a new stake in ZKH Group during the second quarter worth about $33,000. Jane Street Group LLC bought a new position in shares of ZKH Group in the first quarter valued at approximately $66,000. Jain Global LLC bought a new stake in ZKH Group during the 3rd quarter worth approximately $238,000. Finally, Boundless Plain Holdings Ltd acquired a new stake in ZKH Group during the 4th quarter valued at $8,825,000. 9.52% of the stock is owned by institutional investors.

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.