Baozun Inc (BZUN) Shares Down 4%
Baozun Inc (NASDAQ:BZUN)’s share price traded down 4% during mid-day trading on Tuesday . The stock traded as low as $9.32 and last traded at $9.50, with a volume of 217,677 shares changing hands. The stock had previously closed at $9.90.
Separately, Zacks Investment Research raised shares of Baozun from a “hold” rating to a “buy” rating and set a $6.25 price objective on the stock in a research note on Tuesday, May 3rd.
The stock has a market cap of $476.97 million and a price-to-earnings ratio of 121.52. The stock’s 50-day moving average is $7.42 and its 200 day moving average is $6.37.
Baozun (NASDAQ:BZUN) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.13. The company had revenue of $700.30 million for the quarter, compared to the consensus estimate of $101.81 million. The firm’s quarterly revenue was up 35.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.24 earnings per share. On average, analysts forecast 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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