Equities researchers at CICC Research started coverage on shares of ZKH Group (NYSE:ZKH – Get Free Report) in a note issued to investors on Monday, Benzinga reports. The brokerage set an “outperform” rating and a $4.00 price target on the stock. CICC Research’s price target suggests a potential upside of 9.29% from the stock’s previous close.
ZKH Group Stock Up 6.4 %
ZKH traded up $0.22 on Monday, hitting $3.66. 244,332 shares of the company were exchanged, compared to its average volume of 94,099. The company has a current ratio of 1.80, a quick ratio of 1.61 and a debt-to-equity ratio of 0.04. ZKH Group has a fifty-two week low of $2.62 and a fifty-two week high of $21.91. The business’s fifty day moving average is $3.04 and its 200 day moving average is $7.92.
ZKH Group (NYSE:ZKH – Get Free Report) last announced its quarterly earnings results on Thursday, August 22nd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.09). The business had revenue of $309.61 million for the quarter.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in ZKH Group stock. XTX Topco Ltd acquired a new position in ZKH Group Limited (NYSE:ZKH – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,650 shares of the company’s stock, valued at approximately $81,000. 9.52% of the stock is currently owned by 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.
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