Baozun Inc (BZUN) Trading Down 2.5%
Baozun Inc (NASDAQ:BZUN) traded down 2.5% during mid-day trading on Friday . The stock traded as low as $6.85 and last traded at $7.11, with a volume of 171,888 shares. The stock had previously closed at $7.29.
Separately, Zacks Investment Research raised shares of Baozun from a “hold” rating to a “buy” rating and set a $6.25 target price for the company in a research report on Tuesday, May 3rd.
The company has a market capitalization of $350.03 million and a P/E ratio of 85.18. The firm has a 50 day moving average of $6.89 and a 200-day moving average of $6.21.
Baozun (NASDAQ:BZUN) last released its quarterly earnings data on Monday, May 23rd. The company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.01. The company earned $103.60 million during the quarter, compared to analyst estimates of $93.30 million. On average, analysts forecast that Baozun Inc will post $0.26 earnings per share 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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