Baozun Inc (BZUN) Stock Price Down 2.2%
Baozun Inc (NASDAQ:BZUN) shares traded down 2.2% on Wednesday . The company traded as low as $9.83 and last traded at $10.25, with a volume of 371,984 shares changing hands. The stock had previously closed at $10.48.
Separately, Zacks Investment Research downgraded Baozun from a “buy” rating to a “hold” rating in a research note on Monday, August 8th.
The company has a 50-day moving average of $7.93 and a 200 day moving average of $6.52. The firm has a market cap of $506.78 million and a P/E ratio of 129.11.
Baozun (NASDAQ:BZUN) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.13. The business earned $700.30 million during the quarter, compared to the consensus estimate of $101.81 million. During the same quarter 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 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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