ZKH Group (NYSE:ZKH) Sees Unusually-High Trading Volume – Should You Buy?

ZKH Group Limited Unsponsored ADR (NYSE:ZKH) saw an uptick in trading volume on Monday . 85,649 shares were traded during trading, an increase of 10% from the previous session’s volume of 78,212 shares.The stock last traded at $3.0950 and had previously closed at $3.06.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of ZKH Group in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

ZKH Group Stock Down 3.3%

The firm has a market cap of $480.35 million, a PE ratio of -19.73 and a beta of 0.44. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.85 and a quick ratio of 1.62. The business has a fifty day moving average price of $2.95 and a two-hundred day moving average price of $2.99.

Institutional Inflows and Outflows

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