Baozun Inc (BZUN) Shares Down 5.9%
Baozun Inc (NASDAQ:BZUN) shares were down 5.9% during trading on Thursday . The company traded as low as $7.84 and last traded at $7.88, with a volume of 309,275 shares. The stock had previously closed at $8.37.
Separately, Zacks Investment Research upgraded shares of Baozun from a “hold” rating to a “buy” rating and set a $6.25 price target for the company in a research note on Tuesday, May 3rd.
The firm has a market capitalization of $406.47 million and a PE ratio of 98.92. The company has a 50-day moving average price of $7.06 and a 200 day moving average price of $6.27.
Baozun (NASDAQ:BZUN) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.13. The firm had revenue of $700.30 million for the quarter, compared to the consensus estimate of $101.81 million. The firm’s revenue for the quarter was up 35.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.24 earnings per share. On average, equities analysts expect that Baozun Inc will post $0.22 EPS 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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