ZKH Group (NYSE:ZKH) Trading Down 6.2% – Should You Sell?

ZKH Group Limited (NYSE:ZKH)’s share price fell 6.2% on Wednesday . The company traded as low as $3.00 and last traded at $3.12. 29,364 shares were traded during trading, a decline of 65% from the average session volume of 83,247 shares. The stock had previously closed at $3.32.

ZKH Group Trading Down 7.2 %

The firm has a market cap of $497.99 million, a P/E ratio of -8.80 and a beta of -0.21. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.62 and a current ratio of 1.81. The firm has a fifty day moving average of $3.54 and a 200-day moving average of $3.58.

Hedge Funds Weigh In On ZKH Group

Hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp acquired a new stake in shares of ZKH Group in the third quarter valued at approximately $45,000. Invesco Ltd. bought a new position in shares of ZKH Group in the fourth quarter worth $299,000. Finally, FIL Ltd increased its holdings in shares of ZKH Group by 30.0% during the fourth quarter. FIL Ltd now owns 3,845,797 shares of the company’s stock valued at $13,499,000 after purchasing an additional 888,000 shares during the period. Institutional investors and hedge funds own 9.52% of the company’s stock.

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.