Insider Selling: ZKH Group (NYSE:ZKH) Director Sells $53,832.80 in Stock

ZKH Group Limited Unsponsored ADR (NYSE:ZKH) Director Yunjie Han sold 672,910 shares of the company’s stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $0.08, for a total value of $53,832.80. Following the completion of the sale, the director owned 10,827,180 shares in the company, valued at $866,174.40. This represents a 5.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

ZKH Group Stock Performance

Shares of NYSE ZKH opened at $2.92 on Monday. The company has a current ratio of 1.77, a quick ratio of 1.59 and a debt-to-equity ratio of 0.04. ZKH Group Limited Unsponsored ADR has a 12 month low of $1.92 and a 12 month high of $3.90. The stock has a 50 day moving average of $2.89 and a 200-day moving average of $2.92. The company has a market capitalization of $378.05 million, a P/E ratio of -291.50 and a beta of 0.39.

ZKH Group (NYSE:ZKH) 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 business had revenue of $359.70 million for the quarter.

Institutional Investors Weigh In On ZKH Group

A number of institutional investors have recently modified their holdings of the business. FIL Ltd grew its stake in shares of ZKH Group by 26.0% in the fourth quarter. FIL Ltd now owns 7,621,884 shares of the company’s stock valued at $28,049,000 after acquiring an additional 1,572,957 shares in the last quarter. Boundless Plain Holdings Ltd bought a new stake in ZKH Group in the 4th quarter valued at about $8,825,000. Renaissance Technologies LLC grew its position in shares of ZKH Group by 442.1% during the 4th quarter. Renaissance Technologies LLC now owns 91,500 shares of the company’s stock worth $337,000 after purchasing an additional 74,621 shares in the last quarter. Jain Global LLC bought a new position in shares of ZKH Group during the third quarter worth approximately $238,000. Finally, Invesco Ltd. bought a new position in shares of ZKH Group during the fourth quarter worth approximately $291,000. Institutional investors own 9.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ZKH. Wall Street Zen upgraded shares of ZKH Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 29th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ZKH Group in a research report on Tuesday, September 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, ZKH Group presently has a consensus rating of “Sell”.

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.