ZKH Group (NYSE:ZKH) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of ZKH Group (NYSE:ZKH) to a hold rating in a report issued on Saturday.

Separately, Weiss Ratings cut shares of ZKH Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

ZKH Group Price Performance

ZKH Group stock opened at $2.99 on Friday. The company’s fifty day moving average price is $3.14 and its 200 day moving average price is $3.25. ZKH Group has a 1 year low of $2.20 and a 1 year high of $3.90. The stock has a market capitalization of $475.29 million, a P/E ratio of -23.00 and a beta of 0.49. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.60 and a current ratio of 1.79.

ZKH Group (NYSE:ZKH) last released its quarterly earnings results on Thursday, March 19th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). ZKH Group had a negative net margin of 1.54% and a negative return on equity of 4.67%. The company had revenue of $381.40 million during the quarter, compared to analyst estimates of $351.68 million.

Institutional Investors Weigh In On ZKH Group

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

About ZKH Group

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.