Baozun Inc (BZUN) Trading Up 4.5%
Baozun Inc (NASDAQ:BZUN)’s share price was up 4.5% 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 upgraded Baozun from a “sell” rating to a “buy” rating and set a $8.25 price target for the company in a report on Tuesday, July 26th.
The firm has a market capitalization of $427.78 million and a price-to-earnings ratio of 108.99. The firm has a 50-day moving average price of $7.17 and a 200-day moving average price of $6.30.
Baozun (NASDAQ:BZUN) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.02 by $0.13. During the same period in the prior year, the business earned $0.24 earnings per share. The business earned $700.30 million during the quarter, compared to analyst estimates of $101.81 million. The firm’s quarterly revenue was up 35.3% compared to the same quarter last year. On average, equities analysts predict 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.
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.