Baozun Inc (BZUN) Hits New 52-Week High at $10.30
Baozun Inc (NASDAQ:BZUN) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $10.30 and last traded at $10.14, with a volume of 620,138 shares. The stock had previously closed at $9.50.
Separately, Zacks Investment Research raised Baozun from a “sell” rating to a “buy” rating and set a $8.25 target price for the company in a research note on Tuesday, July 26th.
The company has a market capitalization of $506.78 million and a PE ratio of 129.11. The company has a 50-day moving average of $8.04 and a 200-day moving average of $6.54.
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. The company had revenue of $700.30 million for the quarter, compared to analysts’ expectations of $101.81 million. The company’s revenue was up 35.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.24 earnings per share. Equities analysts anticipate that Baozun Inc will post $0.26 earnings per share 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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