Baozun Inc (BZUN) Stock Price Up 9.7%
Baozun Inc (NASDAQ:BZUN)’s share price shot up 9.7% during trading on Thursday . The company traded as high as $11.39 and last traded at $11.19, with a volume of 686,099 shares. The stock had previously closed at $10.20.
Separately, Zacks Investment Research raised shares of Baozun from a “hold” rating to a “buy” rating and set a $6.25 target price on the stock in a research report on Tuesday, May 3rd.
The firm has a 50 day moving average of $8.04 and a 200-day moving average of $6.54. The company has a market cap of $573.85 million and a P/E ratio of 146.20.
Baozun (NASDAQ:BZUN) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.13. The business had revenue of $700.30 million for the quarter, compared to analyst estimates of $101.81 million. During the same period in the prior year, the company posted $0.24 EPS. The firm’s revenue for the quarter was up 35.3% compared to the same quarter last year. On average, analysts expect 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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