XTX Topco Ltd Invests $81,000 in ZKH Group Limited (NYSE:ZKH)

XTX Topco Ltd bought a new stake in shares of ZKH Group Limited (NYSE:ZKH) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 20,650 shares of the company’s stock, valued at approximately $81,000.

Analysts Set New Price Targets

Separately, CICC Research started coverage on ZKH Group in a research report on Monday. They set an “outperform” rating and a $4.00 target price on the stock.

ZKH Group Stock Down 3.3 %

Shares of NYSE ZKH opened at $3.57 on Wednesday. ZKH Group Limited has a one year low of $2.62 and a one year high of $21.91. The business has a fifty day simple moving average of $3.06 and a 200 day simple moving average of $7.71. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.61 and a current ratio of 1.80.

ZKH Group (NYSE:ZKH) last announced its quarterly earnings data on Thursday, August 22nd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.09). The firm had revenue of $309.61 million for the quarter.

ZKH Group announced that its board has authorized a share repurchase plan on Thursday, June 13th that authorizes the company to buyback $0.00 in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

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.