ZKH Group (NYSE:ZKH) Sets New 1-Year High – Still a Buy?

ZKH Group Limited Unsponsored ADR (NYSE:ZKH)’s share price reached a new 52-week high during mid-day trading on Saturday . The stock traded as high as $3.90 and last traded at $3.6850, with a volume of 233478 shares traded. The stock had previously closed at $3.62.

Wall Street Analysts Forecast Growth

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

ZKH Group Price Performance

The stock’s 50-day moving average is $3.13 and its 200 day moving average is $3.04. 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 stock has a market capitalization of $598.00 million, a PE ratio of -24.57 and a beta of 0.32.

Institutional Investors Weigh In On ZKH Group

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