Key Points
- ZKH Group director Yunjie Han sold 672,910 shares at an average price of $0.08, for proceeds of $53,832.80. The sale reduced Han’s direct ownership by 5.85% to 10.83 million shares.
- ZKH shares opened at $2.92, near their 50-day and 200-day moving averages, with a market capitalization of approximately $378 million. The stock has traded between $1.92 and $3.90 over the past year.
- Analyst sentiment remains negative overall, with MarketBeat reporting an average “Sell” rating despite one firm upgrading the stock to “Buy.” Institutional investors own 9.52% of ZKH, while the company recently reported $359.7 million in quarterly revenue and $0.04 in EPS.
ZKH Group Limited Unsponsored ADR (NYSE:ZKH - Get Free Report) Director Yunjie Han sold 672,910 shares of ZKH Group stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $0.08, for a total value of $53,832.80. Following the sale, the director directly owned 10,827,180 shares in the company, valued at approximately $866,174.40. This trade represents a 5.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
ZKH Group Trading Up 0.5%
Shares of ZKH opened at $2.92 on Friday. The stock's 50-day moving average price is $2.89 and its 200 day moving average price is $2.93. The company has a quick ratio of 1.59, a current ratio of 1.77 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $378.06 million, a price-to-earnings ratio of -291.50 and a beta of 0.39. ZKH Group Limited Unsponsored ADR has a 12-month low of $1.92 and a 12-month high of $3.90.
ZKH Group (NYSE:ZKH - Get Free Report) last announced its quarterly earnings data on Friday, August 21st. The company reported $0.04 EPS for the quarter. ZKH Group had a negative return on equity of 0.06% and a negative net margin of 0.02%.The company had revenue of $359.70 million during the quarter.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on ZKH. Wall Street Zen raised shares of ZKH Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 29th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of ZKH Group in a report on Tuesday, September 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of "Sell".
Get Our Latest Stock Analysis on ZKH Group
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Invesco Ltd. acquired a new stake in shares of ZKH Group in the 4th quarter valued at $291,000. XTX Topco Ltd acquired a new position in ZKH Group in the fourth quarter valued at about $63,000. FIL Ltd grew its stake in ZKH Group by 26.0% during the fourth quarter. FIL Ltd now owns 7,621,884 shares of the company's stock worth $28,049,000 after buying an additional 1,572,957 shares during the last quarter. Renaissance Technologies LLC grew its stake in ZKH Group by 442.1% during the fourth quarter. Renaissance Technologies LLC now owns 91,500 shares of the company's stock worth $337,000 after buying an additional 74,621 shares during the last quarter. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of ZKH Group during the fourth quarter worth approximately $106,000. 9.52% of the stock is owned by institutional investors.
ZKH Group Company Profile
(
Get Free Report)
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.
Further Reading
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