Baozun Inc (NASDAQ:BZUN)’s share price was down 6.6% on Wednesday . The company traded as low as $12.00 and last traded at $12.54, with a volume of 936,570 shares traded. The stock had previously closed at $13.43.

Separately, Zacks Investment Research downgraded shares of Baozun from a “buy” rating to a “hold” rating in a research note on Monday, August 8th.

The company has a market cap of $655.33 million and a price-to-earnings ratio of 166.96. The firm has a 50-day moving average price of $8.65 and a 200-day moving average price of $6.76.

Baozun (NASDAQ:BZUN) last issued 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 company earned $700.30 million during the quarter, compared to analyst estimates of $101.81 million. During the same period in the prior year, the business earned $0.24 EPS. The business’s revenue for the quarter was up 35.3% on a year-over-year basis. On average, analysts predict that Baozun Inc will post $0.26 EPS for the current fiscal year.

A hedge fund recently raised its stake in Baozun stock. Ameriprise Financial Inc. raised its position in shares of Baozun Inc (NASDAQ:BZUN) by 0.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 153,867 shares of the company’s stock after buying an additional 1,041 shares during the period. Ameriprise Financial Inc. owned 0.31% of Baozun worth $1,261,000 at the end of the most recent reporting period.

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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