Baozun Inc (BZUN) Sees Large Volume Increase
Shares of Baozun Inc (NASDAQ:BZUN) saw an uptick in trading volume on Wednesday . 374,514 shares traded hands during trading, an increase of 31% from the previous session’s volume of 286,063 shares.The stock last traded at $8.59 and had previously closed at $8.15.
Separately, Zacks Investment Research cut shares of Baozun from a “buy” rating to a “hold” rating in a report on Monday.
The company has a 50-day moving average of $7.17 and a 200 day moving average of $6.30. The firm has a market cap of $427.78 million and a P/E ratio of 108.99.
Baozun (NASDAQ:BZUN) last posted 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. The company’s revenue was up 35.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.24 earnings per share. Equities analysts predict that Baozun Inc will post $0.26 EPS 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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