ZKH Group (NYSE:ZKH) Downgraded by Wall Street Zen to Hold

ZKH Group (NYSE:ZKH) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

Separately, Weiss Ratings downgraded ZKH Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, June 4th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

ZKH Group Stock Performance

Shares of ZKH stock opened at $2.29 on Friday. The firm has a market capitalization of $296.34 million, a price-to-earnings ratio of -28.56 and a beta of 0.44. The company has a quick ratio of 1.64, a current ratio of 1.84 and a debt-to-equity ratio of 0.04. The stock has a fifty day moving average of $2.84 and a 200 day moving average of $3.17. ZKH Group has a 52 week low of $2.20 and a 52 week high of $3.90.

Hedge Funds Weigh In On ZKH Group

Institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd purchased a new position in ZKH Group during the second quarter valued at $33,000. Jane Street Group LLC purchased a new stake in ZKH Group in the first quarter worth about $66,000. Goldman Sachs Group Inc. purchased a new stake in ZKH Group in the fourth quarter worth about $106,000. Jain Global LLC bought a new position in shares of ZKH Group in the third quarter worth about $238,000. Finally, Invesco Ltd. bought a new stake in ZKH Group during the 4th quarter worth approximately $291,000. 9.52% of the stock is owned by institutional investors.

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.