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

ZKH Group (NYSE:ZKH – Get Free Report) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of ZKH Group in a research report on Tuesday, September 1st. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company has an average rating of “Sell”.

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ZKH Group Stock Down 0.5%

ZKH opened at $2.02 on Friday. The business’s fifty day moving average is $2.82 and its two-hundred day moving average is $2.84. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.59 and a current ratio of 1.77. The company has a market cap of $261.97 million, a price-to-earnings ratio of -202.00 and a beta of 0.39. ZKH Group has a one year low of $1.92 and a one year high of $3.90.

ZKH Group (NYSE:ZKH – Get Free Report) last posted its earnings results on Friday, August 21st. The company reported $0.04 earnings per share for the quarter. ZKH Group had a negative return on equity of 0.06% and a negative net margin of 0.02%. The company had revenue of $359.70 million for the quarter.

Insider Activity at ZKH Group

In other news, Director Yunjie Han sold 9,289,000 shares of ZKH Group stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $0.08, for a total transaction of $743,120.00. Following the completion of the sale, the director directly owned 1,538,180 shares in the company, valued at $123,054.40. The trade was a 85.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

About ZKH Group

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ZKH Group Limited (NYSE: ZKH) operates a business-to-business maintenance, repair and operations (MRO) procurement platform in China. Through its digital marketplace and direct-sales channels, the company helps industrial and commercial customers source a broad range of products used to maintain facilities, machinery and production operations.

Its product offerings include tools, fasteners, bearings, electrical and mechanical components, safety products, material-handling equipment and other general industrial consumables.

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