ZKH Group (NYSE:ZKH) Shares Down 5.1%

Shares of ZKH Group Limited (NYSE:ZKH) traded down 5.1% during mid-day trading on Monday . The company traded as low as $11.80 and last traded at $11.80. 26,620 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 57,384 shares. The stock had previously closed at $12.43.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft assumed coverage on ZKH Group in a report on Friday, January 26th. They issued a “buy” rating and a $21.30 price objective for the company.

ZKH Group Price Performance

The company has a debt-to-equity ratio of 0.05, a current ratio of 1.73 and a quick ratio of 1.56. The business has a fifty day moving average of $16.88.

ZKH Group (NYSE:ZKH) last released its earnings results on Tuesday, March 19th. The company reported $0.04 earnings per share for the quarter. The firm had revenue of $344.22 million during the quarter.

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 also provides MRO procurement and management services; digitalized MRO procurement solutions; and logistics and warehousing services.