ZKH Group Limited (NYSE:ZKH – Get Free Report)’s stock price dropped 4.5% during mid-day trading on Thursday . The stock traded as low as $15.74 and last traded at $15.80. Approximately 20,755 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 58,974 shares. The stock had previously closed at $16.54.
Wall Street Analyst Weigh In
Separately, Deutsche Bank Aktiengesellschaft initiated coverage on ZKH Group in a report on Friday, January 26th. They issued a “buy” rating and a $21.30 target price for the company.
Read Our Latest Analysis on ZKH Group
ZKH Group Price Performance
ZKH Group (NYSE:ZKH – Get Free Report) last announced its quarterly earnings results on Tuesday, March 19th. The company reported $0.04 EPS for the quarter. The business 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.
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