ZKH Group Limited (NYSE:ZKH) Shares Sold by XTX Topco Ltd

XTX Topco Ltd lowered its stake in shares of ZKH Group Limited (NYSE:ZKH) by 35.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 13,247 shares of the company’s stock after selling 7,403 shares during the quarter. XTX Topco Ltd’s holdings in ZKH Group were worth $49,000 as of its most recent SEC filing.

Separately, State Street Corp acquired a new position in shares of ZKH Group in the 3rd quarter valued at $45,000. Hedge funds and other institutional investors own 9.52% of the company’s stock.

Wall Street Analyst Weigh In

Separately, CICC Research began coverage on ZKH Group in a research report on Monday, September 30th. They set an “outperform” rating and a $4.00 price target for the company.

ZKH Group Stock Performance

ZKH opened at $3.70 on Monday. The company has a current ratio of 1.81, a quick ratio of 1.62 and a debt-to-equity ratio of 0.05. ZKH Group Limited has a 12-month low of $2.62 and a 12-month high of $21.91. The firm has a 50 day moving average of $3.68 and a two-hundred day moving average of $3.77. The firm has a market capitalization of $473.21 million and a PE ratio of -10.57.

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.