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

ZKH Group (NYSE:ZKH) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of ZKH Group in a research report on Tuesday, September 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

ZKH Group Stock Performance

Shares of ZKH opened at $2.86 on Friday. ZKH Group has a 12 month low of $1.92 and a 12 month high of $3.90. The stock has a fifty day moving average price of $2.91 and a 200-day moving average price of $2.89. The company has a current ratio of 1.77, a quick ratio of 1.59 and a debt-to-equity ratio of 0.04. The firm has a market cap of $371.43 million, a PE ratio of -286.40 and a beta of 0.39.

ZKH Group (NYSE:ZKH) last announced its earnings results on Friday, August 21st. The company reported $0.04 earnings per share for the quarter. ZKH Group had a negative return on equity of 0.06% and a negative net margin of 0.02%.The firm had revenue of $359.70 million for the quarter.

Insider Buying and Selling at ZKH Group

In other ZKH Group news, Director Yunjie Han sold 9,289,000 shares of the company’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $0.08, for a total value of $743,120.00. Following the completion of the transaction, the director owned 1,538,180 shares in the company, valued at approximately $123,054.40. This represents a 85.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

About ZKH Group

ZKH Group Limited is a China-based maintenance, repair and operations (MRO) products and services provider. The company operates digital procurement platforms that connect industrial product suppliers with business customers, helping organizations source supplies used to maintain, repair and operate factories, facilities and equipment.

Its product offerings include fasteners, bearings, transmission components, electrical and electronic products, tools, hardware, safety supplies and other industrial consumables.