Baozun Inc (BZUN) Sees Unusually-High Trading Volume
Baozun Inc (NASDAQ:BZUN) shares saw unusually-high trading volume on Tuesday . Approximately 517,564 shares changed hands during mid-day trading, an increase of 161% from the previous session’s volume of 198,178 shares.The stock last traded at $8.01 and had previously closed at $7.42.
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 stock has a market capitalization of $425.28 million and a P/E ratio of 103.49. The company’s 50 day moving average is $6.92 and its 200-day moving average is $6.21.
Baozun (NASDAQ:BZUN) last released its quarterly earnings data on Monday, May 23rd. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The business earned $103.60 million during the quarter, compared to analysts’ expectations of $93.30 million. Equities analysts predict 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.