Baozun Inc (BZUN) Sets New 1-Year High at $9.97
Baozun Inc (NASDAQ:BZUN)’s share price reached a new 52-week high during mid-day trading on Monday . The company 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 raised shares of Baozun from a “sell” rating to a “buy” rating and set a $8.25 price objective on the stock in a report on Tuesday, July 26th.
The stock has a 50-day moving average price of $7.51 and a 200-day moving average price of $6.39. The firm has a market cap of $476.97 million and a P/E ratio of 121.52.
Baozun (NASDAQ:BZUN) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.13. The business earned $700.30 million during the quarter, compared to analysts’ expectations of $101.81 million. During the same period last year, the company earned $0.24 earnings per share. The firm’s revenue was up 35.3% compared to the same quarter last year. On average, analysts expect that Baozun Inc will post $0.26 EPS 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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