ZKH Group (NYSE:ZKH) Announces Quarterly Earnings Results

ZKH Group (NYSE:ZKH) issued its quarterly earnings data on Thursday. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.21), Zacks reports. ZKH Group had a negative net margin of 2.65% and a negative return on equity of 7.57%.

ZKH Group Price Performance

NYSE ZKH traded up $0.05 during trading hours on Thursday, hitting $3.08. 5,630 shares of the company’s stock traded hands, compared to its average volume of 77,361. ZKH Group has a 52-week low of $2.50 and a 52-week high of $4.03. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.90 and a quick ratio of 1.66. The company has a market capitalization of $498.64 million, a PE ratio of -15.38 and a beta of 0.44. The firm’s 50-day moving average is $2.94 and its 200-day moving average is $2.98.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ZKH Group in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On ZKH Group

A number of hedge funds have recently added to or reduced their stakes in ZKH. Jain Global LLC acquired a new stake in shares of ZKH Group in the third quarter valued at approximately $238,000. XTX Topco Ltd purchased a new position in ZKH Group during the second quarter worth about $33,000. Finally, Jane Street Group LLC acquired a new position in ZKH Group during the 1st quarter worth approximately $66,000. 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.