Baozun Inc (BZUN) Shares Down 5.9%
Baozun Inc (NASDAQ:BZUN)’s share price traded down 5.9% during trading on Thursday . The stock traded as low as $7.84 and last traded at $7.88, with a volume of 309,275 shares trading hands. The stock had previously closed at $8.37.
Separately, Zacks Investment Research upgraded shares of Baozun from a “sell” rating to a “buy” rating and set a $8.25 price target on the stock in a research note on Tuesday, July 26th.
The stock has a 50 day moving average price of $7.00 and a 200 day moving average price of $6.24. The stock has a market cap of $390.13 million and a PE ratio of 94.94.
Baozun (NASDAQ:BZUN) last posted its earnings results on Wednesday, August 3rd. The company reported $0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.13. The company had revenue of $700.30 million for the quarter, compared to analysts’ expectations of $101.81 million. The firm’s quarterly revenue was up 35.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.24 EPS. Analysts predict that Baozun Inc will post $0.26 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.
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.