Baozun Inc (BZUN) Shares Gap Up to $8.61
Baozun Inc (NASDAQ:BZUN) shares gapped up before the market opened 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 changing hands.
Separately, Zacks Investment Research downgraded Baozun from a “buy” rating to a “hold” rating in a report on Monday, August 8th.
The firm’s 50 day moving average is $7.32 and its 200-day moving average is $6.34. The stock has a market cap of $468.52 million and a price-to-earnings ratio of 120.90.
Baozun (NASDAQ:BZUN) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.02 by $0.13. The company had revenue of $700.30 million for the quarter, compared to the consensus estimate of $101.81 million. During the same period last year, the company earned $0.24 EPS. The firm’s revenue for the quarter was up 35.3% on a year-over-year basis. Equities analysts anticipate 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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