Baozun Inc (BZUN) Sees Unusually-High Trading Volume
Baozun Inc (NASDAQ:BZUN) shares saw unusually-high trading volume on Tuesday . Approximately 517,564 shares changed hands during mid-day trading, an increase of 161% from the previous session’s volume of 198,178 shares.The stock last traded at $8.01 and had previously closed at $7.42.
Separately, Zacks Investment Research raised Baozun from a “sell” rating to a “buy” rating and set a $8.25 target price for the company in a research note on Tuesday, July 26th.
The stock has a market capitalization of $425.28 million and a P/E ratio of 103.49. The company’s 50 day moving average is $6.92 and its 200-day moving average is $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 analysts’ consensus estimates of $0.03 by $0.01. The business earned $103.60 million during the quarter, compared to analysts’ expectations of $93.30 million. Equities analysts predict 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.