Baozun Inc (BZUN) Stock Price Down 4%
Baozun Inc (NASDAQ:BZUN)’s share price fell 4% on Tuesday . The company 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 downgraded Baozun from a “buy” rating to a “hold” rating in a report on Monday, August 8th.
The firm has a market capitalization of $475.48 million and a P/E ratio of 121.14. The company’s 50 day moving average price is $7.61 and its 200-day moving average price is $6.41.
Baozun (NASDAQ:BZUN) last announced its earnings results on Thursday, August 4th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.13. The business earned $700.30 million during the quarter, compared to analyst estimates of $101.81 million. During the same period in the previous year, the company earned $0.24 earnings per share. The business’s revenue for the quarter was up 35.3% on a year-over-year basis. On average, analysts expect that Baozun Inc will post $0.26 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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