XTX Topco Ltd Lowers Holdings in ZKH Group Limited (NYSE:ZKH)

XTX Topco Ltd lowered its position in shares of ZKH Group Limited (NYSE:ZKH) by 35.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,247 shares of the company’s stock after selling 7,403 shares during the period. XTX Topco Ltd’s holdings in ZKH Group were worth $49,000 at the end of the most recent quarter.

Separately, State Street Corp purchased a new stake in ZKH Group during the third quarter worth $45,000. Institutional investors and hedge funds own 9.52% of the company’s stock.

ZKH Group Stock Up 6.6 %

NYSE:ZKH opened at $3.70 on Monday. The company’s 50-day simple moving average is $3.68 and its 200-day simple moving average is $3.77. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.62 and a current ratio of 1.81. ZKH Group Limited has a fifty-two week low of $2.62 and a fifty-two week high of $21.91. The stock has a market capitalization of $473.21 million and a P/E ratio of -10.57.

Wall Street Analyst Weigh In

Separately, CICC Research initiated coverage on ZKH Group in a research report on Monday, September 30th. They issued an “outperform” rating and a $4.00 price target for the company.

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.