State Street Corp Invests $45,000 in ZKH Group Limited (NYSE:ZKH)

State Street Corp acquired a new stake in shares of ZKH Group Limited (NYSE:ZKH) during the third quarter, HoldingsChannel reports. The fund acquired 12,192 shares of the company’s stock, valued at approximately $45,000.

Separately, Canada Pension Plan Investment Board boosted its position in ZKH Group by 1,546.3% during the second quarter. Canada Pension Plan Investment Board now owns 10,618,516 shares of the company’s stock valued at $41,412,000 after buying an additional 9,973,516 shares during the period. 9.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, CICC Research assumed coverage on ZKH Group in a report on Monday, September 30th. They issued an “outperform” rating and a $4.00 price objective on the stock.

ZKH Group Stock Performance

Shares of ZKH stock opened at $3.64 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.62 and a current ratio of 1.81. ZKH Group Limited has a fifty-two week low of $2.62 and a fifty-two week high of $21.91. The company has a market capitalization of $465.54 million and a P/E ratio of -10.40. The stock has a 50 day moving average price of $3.63 and a two-hundred day moving average price of $3.45.

ZKH Group 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.