Baozun Inc (BZUN) Shares Gap Up to $8.61
Baozun Inc (NASDAQ:BZUN) gapped up prior to trading on Thursday . The stock had previously closed at $8.49, but opened at $8.61. Baozun shares last traded at $9.26, with a volume of 1,348,251 shares traded.
Separately, Zacks Investment Research lowered Baozun from a “buy” rating to a “hold” rating in a research report on Monday.
The company has a market cap of $468.52 million and a price-to-earnings ratio of 119.37. The company has a 50 day moving average of $7.25 and a 200-day moving average of $6.33.
Baozun (NASDAQ:BZUN) last issued its earnings results on Thursday, August 4th. The company reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.13. The business earned $700.30 million during the quarter, compared to analyst estimates of $101.81 million. The business’s quarterly revenue was up 35.3% on a year-over-year basis. During the same period last year, the business earned $0.24 EPS. Equities research analysts forecast that Baozun Inc will post $0.26 earnings per share 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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