Baozun Inc (BZUN) Trading 4.5% Higher
Baozun Inc (NASDAQ:BZUN)’s share price traded up 4.5% during trading on Tuesday . The company traded as high as $8.21 and last traded at $8.17, with a volume of 220,667 shares. The stock had previously closed at $7.82.
Separately, Zacks Investment Research raised Baozun from a “hold” rating to a “buy” rating and set a $6.25 target price on the stock in a report on Tuesday, May 3rd.
The stock has a 50 day moving average price of $7.09 and a 200 day moving average price of $6.28. The firm has a market capitalization of $404.92 million and a price-to-earnings ratio of 103.16.
Baozun (NASDAQ:BZUN) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.13. During the same period last year, the firm earned $0.24 earnings per share. The company had revenue of $700.30 million for the quarter, compared to analysts’ expectations of $101.81 million. Baozun’s quarterly revenue was up 35.3% compared to the same quarter last year. Equities research analysts expect that Baozun Inc will post $0.22 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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