Baozun Inc (BZUN) Hits New 1-Year High at $12.77
Baozun Inc (NASDAQ:BZUN)’s share price hit a new 52-week high on Monday . The company traded as high as $12.77 and last traded at $12.65, with a volume of 1,150,678 shares changing hands. The stock had previously closed at $11.22.
Separately, Zacks Investment Research upgraded Baozun from a “hold” rating to a “buy” rating and set a $6.25 target price on the stock in a report on Tuesday, May 3rd.
The firm has a market cap of $620.55 million and a P/E ratio of 158.10. The firm’s 50-day moving average price is $8.31 and its 200 day moving average price is $6.62.
Baozun (NASDAQ:BZUN) last announced its earnings results on Thursday, August 4th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.02 by $0.13. The business had revenue of $700.30 million for the quarter, compared to the consensus estimate of $101.81 million. Baozun’s revenue for the quarter was up 35.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.24 EPS. Analysts forecast 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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