Baozun Inc (BZUN) Sees Large Volume Increase
Baozun Inc (NASDAQ:BZUN) saw unusually-high trading volume on Tuesday . Approximately 1,075,539 shares traded hands during trading, an increase of 69% from the previous session’s volume of 637,620 shares.The stock last traded at $13.38 and had previously closed at $12.65.
Separately, Zacks Investment Research lowered Baozun from a “buy” rating to a “hold” rating in a research note on Monday, August 8th.
The company has a market capitalization of $667.26 million and a PE ratio of 170.00. The firm’s 50 day moving average price is $8.65 and its 200-day moving average price is $6.76.
Baozun (NASDAQ:BZUN) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.13. During the same period in the previous year, the firm earned $0.24 earnings per share. The company had revenue of $700.30 million for the quarter, compared to analysts’ expectations of $101.81 million. The firm’s quarterly revenue was up 35.3% on a year-over-year basis. On average, equities research analysts forecast that Baozun Inc will post $0.26 EPS for the current year.
An institutional investor recently raised its position in Baozun stock. Ameriprise Financial Inc. raised its position in Baozun Inc (NASDAQ:BZUN) by 0.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 153,867 shares of the company’s stock after buying an additional 1,041 shares during the period. Ameriprise Financial Inc. owned about 0.31% of Baozun worth $1,261,000 as of its most recent filing with the SEC.
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.