LZ Technology (NASDAQ:LZMH) Hits New 12-Month Low - Should You Sell?
LZ Technology (NASDAQ:LZMH) shares reached a new 52-week low of $3.60, closing at $3.95, down 16.1% from the previous close of $4.48. The stock's 50-day moving average is $13.79. The company operates primarily through its subsidiaries in China and had 255 customers in 2023. Analysts currently rate LZ Technology as a Hold, but suggest other stocks may be better investment options.
LZ Technology Holdings Limited (NASDAQ:LZMH - Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $3.60 and last traded at $3.95, with a volume of 200136 shares trading hands. The stock had previously closed at $4.48.
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LZ Technology Stock Down 16.1%
The firm's 50-day moving average is $13.79.
LZ Technology Company Profile
(Get Free Report)As a holding company with no material operations of its own, LZ Technology conducts its operations through its operating entities formed in the PRC, primarily Lianzhang Portal and its subsidiaries. For the years ended December 31, 2022 and 2023, the Company had a total of 247 and 255 customers, respectively, who entered into contracts with the Company to purchase the Company's products and services.
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