ZKH Group (NYSE:ZKH) Sees Unusually-High Trading Volume – Here’s What Happened

ZKH Group Limited Unsponsored ADR (NYSE:ZKH) saw an uptick in trading volume on Monday . 464,923 shares changed hands during mid-day trading, an increase of 179% from the previous session’s volume of 166,884 shares.The stock last traded at $3.49 and had previously closed at $3.47.

Analyst Ratings Changes

ZKH has been the topic of a number of research reports. Weiss Ratings restated a “sell (e+)” rating on shares of ZKH Group in a report on Wednesday, October 8th. Wall Street Zen raised shares of ZKH Group to a “hold” rating in a research report on Saturday, January 3rd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, ZKH Group currently has a consensus rating of “Sell”.

ZKH Group Stock Performance

The business has a 50 day moving average price of $3.27 and a 200 day moving average price of $3.08. The company has a quick ratio of 1.62, a current ratio of 1.85 and a debt-to-equity ratio of 0.05.

Hedge Funds Weigh In On ZKH Group

A number of hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new position in ZKH Group in the 1st quarter valued at approximately $66,000. XTX Topco Ltd bought a new stake in shares of ZKH Group during the 2nd quarter valued at about $33,000. Finally, Jain Global LLC purchased a new stake in ZKH Group during the third quarter valued at approximately $238,000. 9.52% of the stock is currently owned by hedge funds and other 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.