LZ Technology Holdings Ltd (NASDAQ:LZMH – Get Free Report) dropped 15.8% on Wednesday . The stock traded as low as $6.04 and last traded at $6.74. Approximately 139,468 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 564,668 shares. The stock had previously closed at $8.00.
LZ Technology Stock Performance
LZ Technology Company Profile
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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