Baozun Inc (BZUN) Trading 4.8% Higher
Baozun Inc (NASDAQ:BZUN)’s share price traded up 4.8% during trading on Monday . The stock traded as high as $7.47 and last traded at $7.26, with a volume of 471,259 shares changing hands. The stock had previously closed at $6.93.
Separately, Zacks Investment Research upgraded Baozun from a “hold” rating to a “buy” rating and set a $6.25 price objective on the stock in a research report on Tuesday, May 3rd.
The company has a 50 day moving average price of $6.68 and a 200-day moving average price of $6.22. The stock has a market cap of $360.43 million and a P/E ratio of 87.71.
Baozun (NASDAQ:BZUN) last issued its earnings results on Monday, May 23rd. The company reported $0.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.01. The firm earned $103.60 million during the quarter, compared to analysts’ expectations of $93.30 million. Analysts anticipate that Baozun Inc will post $1.71 EPS for the current fiscal year.
Baozun Inc, formerly Baozun Cayman Inc, is a holding company. The Company through its wholly owned subsidiary, Shanghai Baozun E-Commerce Limited, provides e-commerce solutions in China. The Company is a digital and e-commerce service partner in China. The Company is engaged in providing e-commerce solutions, including the sales of apparel, home and electronic products, online store design and setup, visual merchandising and marketing, online store operations, customer services, warehousing and order fulfillment.
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