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LZ Technology (NASDAQ:LZMH) Trading 10.6% Higher - Here's Why

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Shares of LZ Technology Holdings Ltd (NASDAQ:LZMH - Get Free Report) traded up 10.6% during mid-day trading on Monday . The company traded as high as $11.27 and last traded at $10.98. 545,782 shares were traded during trading, a decline of 2% from the average session volume of 558,943 shares. The stock had previously closed at $9.93.

LZ Technology Price 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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