ZKH Group’s (ZKH) Sell (E+) Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their sell (e+) rating on shares of ZKH Group (NYSE:ZKH) in a research report released on Wednesday morning,Weiss Ratings reports.

ZKH Group Stock Down 2.4%

NYSE ZKH opened at $2.89 on Wednesday. The company has a current ratio of 1.90, a quick ratio of 1.66 and a debt-to-equity ratio of 0.05. ZKH Group has a 1-year low of $2.50 and a 1-year high of $4.07. The company has a 50 day moving average of $2.92 and a 200-day moving average of $3.00. The company has a market cap of $468.64 million, a price-to-earnings ratio of -14.45 and a beta of 0.42.

ZKH Group announced that its board has authorized a share repurchase plan on Friday, June 13th that allows the company to repurchase $0.00 in shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On ZKH Group

An institutional investor recently bought a new position in ZKH Group stock. XTX Topco Ltd purchased a new stake in ZKH Group Limited Unsponsored ADR (NYSE:ZKH) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,870 shares of the company’s stock, valued at approximately $33,000. 9.52% of the stock is currently owned by hedge funds and other institutional investors.

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.