Baozun Inc (BZUN) Reaches New 1-Year High at $10.30
Baozun Inc (NASDAQ:BZUN) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $10.30 and last traded at $10.14, with a volume of 620,138 shares changing hands. The stock had previously closed at $9.50.
Separately, Zacks Investment Research lowered shares of Baozun from a “buy” rating to a “hold” rating in a research note on Monday, August 8th.
The stock has a market cap of $523.89 million and a P/E ratio of 133.4734. The stock’s 50 day moving average price is $7.86 and its 200-day moving average price is $6.48.
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. During the same period in the prior year, the business posted $0.24 EPS. The firm earned $700.30 million during the quarter, compared to analyst estimates of $101.81 million. The firm’s quarterly revenue was up 35.3% compared to the same quarter last year. Equities research 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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