Baozun (BZUN) Trading Down 6.7%
Baozun Inc (NASDAQ:BZUN) shares traded down 6.7% on Thursday . The stock traded as low as $42.56 and last traded at $43.09. 1,197,122 shares were traded during mid-day trading, a decline of 45% from the average session volume of 2,195,865 shares. The stock had previously closed at $46.16.
Several research analysts have recently weighed in on the company. BidaskClub raised Baozun from a “sell” rating to a “hold” rating in a research report on Thursday, August 23rd. Zacks Investment Research raised Baozun from a “sell” rating to a “hold” rating in a research report on Saturday, July 14th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $48.47.
The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 73.07 and a beta of 3.62. The company has a quick ratio of 1.76, a current ratio of 2.12 and a debt-to-equity ratio of 0.03.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Baozun in the 2nd quarter worth about $172,000. Ladenburg Thalmann Financial Services Inc. boosted its position in Baozun by 2,531.6% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,000 shares of the technology company’s stock valued at $183,000 after buying an additional 3,848 shares during the period. FundX Investment Group LLC purchased a new stake in Baozun in the 2nd quarter valued at about $209,000. Virginia Retirement Systems ET AL purchased a new stake in Baozun in the 2nd quarter valued at about $263,000. Finally, LPL Financial LLC purchased a new stake in shares of Baozun in the 1st quarter worth approximately $270,000. Institutional investors own 49.00% of the company’s stock.
About Baozun (NASDAQ:BZUN)
Baozun Inc provides e-commerce solutions for brand partners in the People's Republic of China. It offers end-to-end e-commerce solutions, including IT infrastructure setup and integration, online store design and setup, store operations, visual merchandizing and marketing campaigns, customer services, warehousing, and order fulfillment.
Featured Story: Return on Investment (ROI) Defined, Explained
Receive News & Ratings for Baozun Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baozun and related companies with MarketBeat.com's FREE daily email newsletter.