ZKH Group (NYSE:ZKH) Stock Rating Upgraded by Wall Street Zen

ZKH Group (NYSE:ZKH) was upgraded by Wall Street Zen to a “hold” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings downgraded shares of ZKH Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

ZKH Group Trading Down 0.3%

NYSE ZKH opened at $2.99 on Friday. The company has a quick ratio of 1.60, a current ratio of 1.79 and a debt-to-equity ratio of 0.05. The firm has a market cap of $387.77 million, a PE ratio of -23.00 and a beta of 0.49. The company has a 50 day moving average price of $3.14 and a 200 day moving average price of $3.25. ZKH Group has a 52 week low of $2.20 and a 52 week high of $3.90.

ZKH Group (NYSE:ZKH) last released its earnings results on Thursday, March 19th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.04). The company had revenue of $381.40 million for the quarter, compared to analysts’ expectations of $351.68 million. ZKH Group had a negative return on equity of 4.67% and a negative net margin of 1.54%.

Institutional Investors Weigh In On ZKH Group

A number of hedge funds have recently modified their holdings of the business. FIL Ltd raised its position 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 buying an additional 1,572,957 shares during the last quarter. Boundless Plain Holdings Ltd acquired a new stake in shares of ZKH Group in the fourth quarter valued at about $8,825,000. Renaissance Technologies LLC raised its position in shares of ZKH Group by 442.1% in the fourth quarter. Renaissance Technologies LLC now owns 91,500 shares of the company’s stock valued at $337,000 after buying an additional 74,621 shares during the last quarter. Jain Global LLC acquired a new stake in shares of ZKH Group in the third quarter valued at about $238,000. Finally, Invesco Ltd. acquired a new stake in shares of ZKH Group in the fourth quarter valued at about $291,000. 9.52% of the stock is currently owned by institutional investors and hedge funds.

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.