ZKH Group (NYSE:ZKH) Trading 2.7% Higher – Should You Buy?

ZKH Group Limited (NYSE:ZKH)’s stock price shot up 2.7% on Tuesday . The company traded as high as $3.45 and last traded at $3.38. 46,478 shares were traded during mid-day trading, a decline of 44% from the average session volume of 83,590 shares. The stock had previously closed at $3.29.

ZKH Group Price Performance

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 stock has a market cap of $548.11 million, a PE ratio of -9.69 and a beta of -0.15. The stock has a 50 day moving average of $3.57 and a two-hundred day moving average of $3.56.

Institutional Investors Weigh In On ZKH Group

Large investors have recently made changes to their positions in the company. State Street Corp purchased a new position in ZKH Group during the 3rd quarter worth approximately $45,000. Invesco Ltd. purchased a new position in shares of ZKH Group during the fourth quarter valued at $299,000. Finally, FIL Ltd raised its position in 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 buying 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.