Baozun Inc (BZUN) Trading Down 1.2%
Baozun Inc (NASDAQ:BZUN)’s share price fell 1.2% during trading on Wednesday . The stock traded as low as $7.39 and last traded at $7.40, with a volume of 130,693 shares trading hands. The stock had previously closed at $7.49.
Separately, Zacks Investment Research upgraded shares of Baozun from a “hold” rating to a “buy” rating and set a $6.25 price objective on the stock in a report on Tuesday, May 3rd.
The company’s 50-day moving average is $6.74 and its 200-day moving average is $6.19. The company has a market cap of $370.82 million and a PE ratio of 90.24.
Baozun (NASDAQ:BZUN) last issued its quarterly earnings results on Monday, May 23rd. The company reported $0.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.01. The business had revenue of $103.60 million for the quarter, compared to the consensus estimate of $93.30 million. Analysts predict that Baozun Inc will post $1.71 EPS for the current 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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