ZKH Group (NYSE:ZKH) Rating Increased to Buy at Wall Street Zen

ZKH Group (NYSE:ZKH) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Separately, Weiss Ratings lowered ZKH Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, June 4th. One investment 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

ZKH Group stock opened at $2.52 on Friday. The firm has a fifty day simple moving average of $2.92 and a two-hundred day simple moving average of $3.20. The company has a quick ratio of 1.64, a current ratio of 1.84 and a debt-to-equity ratio of 0.04. ZKH Group has a twelve month low of $2.20 and a twelve month high of $3.90. The company has a market capitalization of $327.47 million, a PE ratio of -31.56 and a beta of 0.44.

ZKH Group (NYSE:ZKH) last announced its quarterly earnings data 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). The company had revenue of $381.40 million for the quarter, compared to the consensus estimate of $351.68 million. ZKH Group had a negative net margin of 0.90% and a negative return on equity of 2.80%.

Institutional Trading of ZKH Group

A number of hedge funds have recently modified their holdings of the business. XTX Topco Ltd purchased a new stake in shares of ZKH Group in the 2nd quarter worth about $33,000. Jane Street Group LLC purchased a new position in ZKH Group during the 1st quarter valued at about $66,000. Goldman Sachs Group Inc. purchased a new position in ZKH Group during the 4th quarter valued at about $106,000. Invesco Ltd. bought a new stake in ZKH Group during the fourth quarter worth about $291,000. Finally, Jain Global LLC bought a new stake in ZKH Group during the third quarter worth about $238,000. 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.