Baozun Inc (BZUN) Trading Up 4.8%
Baozun Inc (NASDAQ:BZUN)’s share price was up 4.8% during mid-day trading on Monday . The stock traded as high as $7.47 and last traded at $7.26, with a volume of 471,259 shares trading hands. The stock had previously closed at $6.93.
Separately, Zacks Investment Research upgraded Baozun from a “hold” rating to a “buy” rating and set a $6.25 price objective for the company in a research report on Tuesday, May 3rd.
The firm has a market capitalization of $370.82 million and a PE ratio of 90.24. The stock’s 50-day moving average is $6.74 and its 200 day moving average is $6.19.
Baozun (NASDAQ:BZUN) last announced its quarterly earnings results on Monday, May 23rd. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The business had revenue of $103.60 million for the quarter, compared to analyst estimates of $93.30 million. Analysts expect that Baozun Inc will post $1.71 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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