ZKH Group (NYSE:ZKH) Sees Unusually-High Trading Volume – Time to Buy?

ZKH Group Limited Unsponsored ADR (NYSE:ZKH) shares saw unusually-strong trading volume on Tuesday . Approximately 92,506 shares were traded during mid-day trading, an increase of 103% from the previous session’s volume of 45,565 shares.The stock last traded at $3.46 and had previously closed at $3.55.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of ZKH Group to a “hold” rating in a research note on Saturday, January 3rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

ZKH Group Stock Performance

The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.62 and a current ratio of 1.85. The company has a market cap of $563.11 million, a P/E ratio of -23.13 and a beta of 0.19. The firm has a 50 day moving average price of $3.42 and a 200-day moving average price of $3.12.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Boundless Plain Holdings Ltd bought a new stake in ZKH Group during the fourth quarter valued at about $8,825,000. Jain Global LLC acquired a new position in shares of ZKH Group during the third quarter worth approximately $238,000. Jane Street Group LLC bought a new stake in shares of ZKH Group in the first quarter valued at approximately $66,000. Finally, XTX Topco Ltd acquired a new stake in shares of ZKH Group in the second quarter worth $33,000. 9.52% of the stock is currently owned by institutional investors and hedge funds.

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.