LZ Technology (NASDAQ:LZMH) Shares Down 15.8% – Here’s What Happened

Shares of LZ Technology Holdings Ltd (NASDAQ:LZMHGet Free Report) fell 15.8% during mid-day trading on Wednesday . The stock traded as low as $6.04 and last traded at $6.74. 139,468 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 564,668 shares. The stock had previously closed at $8.00.

LZ Technology Stock Performance

LZ Technology Company Profile

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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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