ZKH Group (NYSE:ZKH) Sees Strong Trading Volume – Should You Buy?

ZKH Group Limited Unsponsored ADR (NYSE:ZKH) saw strong trading volume on Wednesday . 174,771 shares were traded during mid-day trading, an increase of 155% from the previous session’s volume of 68,641 shares.The stock last traded at $3.1550 and had previously closed at $3.16.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of ZKH Group to a “hold” rating in a research note on Saturday, January 3rd. One research 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 Stock Down 1.3%

The company has a market capitalization of $494.21 million, a P/E ratio of -23.89 and a beta of 0.39. The company has a current ratio of 1.79, a quick ratio of 1.60 and a debt-to-equity ratio of 0.05. The stock’s fifty day moving average is $3.27 and its 200 day moving average is $3.23.

ZKH Group (NYSE:ZKH) last released 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 firm had revenue of $365.51 million during the quarter, compared to analysts’ expectations of $351.68 million. ZKH Group had a negative net margin of 1.54% and a negative return on equity of 4.64%.

Hedge Funds Weigh In On ZKH Group

Several hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. purchased a new position in ZKH Group during the 4th quarter valued at $106,000. Renaissance Technologies LLC lifted its holdings in ZKH Group by 442.1% in the fourth quarter. Renaissance Technologies LLC now owns 91,500 shares of the company’s stock worth $337,000 after buying an additional 74,621 shares during the period. FIL Ltd grew its holdings in shares of ZKH Group by 26.0% during the 4th quarter. FIL Ltd now owns 7,621,884 shares of the company’s stock worth $28,049,000 after acquiring an additional 1,572,957 shares during the period. Invesco Ltd. bought a new position in shares of ZKH Group in the 4th quarter worth approximately $291,000. Finally, Jain Global LLC bought a new position in shares of ZKH Group in the 3rd quarter worth approximately $238,000. 9.52% of the stock is owned by hedge funds and other institutional investors.

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.