Boundless Plain Holdings Ltd purchased a new stake in ZKH Group Limited Unsponsored ADR (NYSE:ZKH – Free Report) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 2,397,979 shares of the company’s stock, valued at approximately $8,825,000. ZKH Group comprises approximately 2.8% of Boundless Plain Holdings Ltd’s investment portfolio, making the stock its 7th largest holding.
Several other large investors have also recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new position in ZKH Group in the 2nd quarter valued at approximately $33,000. Jane Street Group LLC acquired a new position in ZKH Group in the 1st quarter valued at approximately $66,000. Finally, Jain Global LLC acquired a new position in ZKH Group in the 3rd quarter valued at approximately $238,000. Institutional investors and hedge funds own 9.52% of the company’s stock.
Analyst Ratings Changes
ZKH has been the subject of a number of recent research reports. Wall Street Zen raised ZKH Group to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings raised ZKH Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, ZKH Group currently has a consensus rating of “Sell”.
ZKH Group Trading Down 11.9%
Shares of ZKH opened at $2.58 on Friday. ZKH Group Limited Unsponsored ADR has a 1 year low of $2.20 and a 1 year high of $3.90. 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 has a 50 day simple moving average of $3.04 and a 200-day simple moving average of $3.24. The stock has a market cap of $334.61 million, a PE ratio of -32.25 and a beta of 0.49.
ZKH Group (NYSE:ZKH – Get Free Report) last issued its earnings results on Thursday, May 21st. The company reported ($0.01) earnings per share (EPS) for the quarter. ZKH Group had a negative return on equity of 2.82% and a negative net margin of 0.90%.The company had revenue of $306.59 million during the quarter.
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.
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