Baozun (BZUN) Shares Gap Down to $37.59
Baozun Inc (NASDAQ:BZUN)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $36.59, but opened at $37.59. Baozun shares last traded at $38.52, with a volume of 15657 shares changing hands.
Several equities analysts recently commented on BZUN shares. BidaskClub raised shares of Baozun from a “sell” rating to a “hold” rating in a report on Thursday, January 24th. Zacks Investment Research raised shares of Baozun from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 23rd.
The firm has a market capitalization of $2.12 billion, a PE ratio of 58.00 and a beta of 3.19. The company has a current ratio of 1.86, a quick ratio of 1.49 and a debt-to-equity ratio of 0.03.
A number of institutional investors have recently made changes to their positions in BZUN. BlackRock Inc. grew its holdings in Baozun by 40.6% in the 1st quarter. BlackRock Inc. now owns 2,459,396 shares of the technology company’s stock worth $102,165,000 after acquiring an additional 710,725 shares during the last quarter. Candriam Luxembourg S.C.A. bought a new stake in Baozun in the 1st quarter worth $26,587,000. Morgan Stanley grew its holdings in Baozun by 93.3% in the 1st quarter. Morgan Stanley now owns 1,196,962 shares of the technology company’s stock worth $49,722,000 after acquiring an additional 577,597 shares during the last quarter. Fosun International Ltd bought a new stake in Baozun in the 1st quarter worth $20,313,000. Finally, Van ECK Associates Corp lifted its position in shares of Baozun by 78.3% in the 4th quarter. Van ECK Associates Corp now owns 1,091,330 shares of the technology company’s stock worth $31,878,000 after purchasing an additional 479,100 shares during the period. 61.37% of the stock is currently owned by institutional investors and hedge funds.
About Baozun (NASDAQ:BZUN)
Baozun Inc provides brand e-commerce service to brand partners in the People's Republic of China. It offers end-to-end e-commerce solutions, including IT infrastructure setup and integration, sale of apparel, home and electronic products, online store design and setup, visual merchandising and marketing, online store operations, customer services, warehousing, and order fulfillment.
Featured Article: Forex
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.