Baozun Inc (BZUN) Sets New 52-Week High at $9.97
Shares of Baozun Inc (NASDAQ:BZUN) hit a new 52-week high on Monday . The stock traded as high as $9.97 and last traded at $9.91, with a volume of 525,612 shares. The stock had previously closed at $9.43.
Separately, Zacks Investment Research cut shares of Baozun from a “buy” rating to a “hold” rating in a research note on Monday, August 8th.
The stock has a market cap of $491.87 million and a price-to-earnings ratio of 126.92. The company’s 50 day moving average price is $7.32 and its 200 day moving average price is $6.34.
Baozun (NASDAQ:BZUN) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.13. The firm earned $700.30 million during the quarter, compared to the consensus estimate of $101.81 million. The firm’s revenue for the quarter was up 35.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.24 earnings per share. Equities analysts expect 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.
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