ZKH Group (NYSE:ZKH) Stock Price Down 2.5% – Time to Sell?

ZKH Group Limited Unsponsored ADR (NYSE:ZKH)’s share price fell 2.5% during trading on Monday . The stock traded as low as $2.70 and last traded at $2.73. 86,324 shares changed hands during trading, a decline of 30% from the average session volume of 123,108 shares. The stock had previously closed at $2.80.

Analyst Ratings Changes

Several research firms have recently commented on ZKH. Weiss Ratings cut shares of ZKH Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, June 4th. Wall Street Zen upgraded shares of ZKH Group to a “hold” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

ZKH Group Stock Performance

The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.64 and a current ratio of 1.84. The firm’s 50 day moving average is $2.94 and its 200-day moving average is $3.21. The firm has a market cap of $330.71 million, a price-to-earnings ratio of -31.88 and a beta of 0.44.

ZKH Group (NYSE:ZKH) last released its quarterly earnings data on Thursday, March 19th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.04). ZKH Group had a negative net margin of 0.90% and a negative return on equity of 2.80%. The business had revenue of $381.40 million during the quarter, compared to analyst estimates of $351.68 million.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. XTX Topco Ltd acquired a new position in ZKH Group during the 2nd quarter worth $33,000. Jane Street Group LLC acquired a new position in ZKH Group during the 1st quarter worth $66,000. Goldman Sachs Group Inc. acquired a new position in ZKH Group during the 4th quarter worth $106,000. Invesco Ltd. acquired a new position in ZKH Group during the 4th quarter worth $291,000. Finally, Jain Global LLC acquired a new position in ZKH Group during the 3rd quarter worth $238,000. Institutional investors and hedge funds own 9.52% of the company’s stock.

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.