ZKH Group (NYSE:ZKH) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of ZKH Group (NYSE:ZKH) from a hold rating to a buy rating in a research note published on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ZKH Group in a research report on Tuesday, September 1st. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

ZKH Group Trading Down 1.9%

NYSE ZKH opened at $2.02 on Friday. The company’s fifty day simple moving average is $2.82 and its 200-day simple moving average is $2.84. ZKH Group has a 52 week low of $1.92 and a 52 week high of $3.90. The company has a current ratio of 1.77, a quick ratio of 1.59 and a debt-to-equity ratio of 0.04. The stock has a market cap of $261.97 million, a P/E ratio of -202.00 and a beta of 0.39.

ZKH Group (NYSE:ZKH) last released its quarterly earnings results on Friday, August 21st. The company reported $0.04 earnings per share for the quarter. ZKH Group had a negative net margin of 0.02% and a negative return on equity of 0.06%. The business had revenue of $359.70 million during the quarter.

Insider Buying and Selling at ZKH Group

In related news, Director Yunjie Han sold 9,289,000 shares of ZKH Group stock in a transaction on Friday, September 11th. The shares were sold at an average price of $0.08, for a total value of $743,120.00. Following the completion of the sale, the director owned 1,538,180 shares in the company, valued at approximately $123,054.40. The trade was a 85.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

About ZKH Group

ZKH Group Limited (NYSE: ZKH) operates a business-to-business maintenance, repair and operations (MRO) procurement platform in China. Through its digital marketplace and direct-sales channels, the company helps industrial and commercial customers source a broad range of products used to maintain facilities, machinery and production operations.

Its product offerings include tools, fasteners, bearings, electrical and mechanical components, safety products, material-handling equipment and other general industrial consumables.