Baozun Inc (BZUN) Sees Large Volume Increase
Baozun Inc (NASDAQ:BZUN) shares saw an uptick in trading volume on Tuesday . 1,075,539 shares traded hands during trading, an increase of 69% from the previous session’s volume of 637,620 shares.The stock last traded at $13.38 and had previously closed at $12.65.
Separately, Zacks Investment Research lowered shares of Baozun from a “buy” rating to a “hold” rating in a research report on Monday, August 8th.
The company’s 50-day moving average is $8.82 and its 200 day moving average is $6.80. The company has a market capitalization of $658.06 million and a price-to-earnings ratio of 167.658.
Baozun (NASDAQ:BZUN) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.02 by $0.13. The company earned $700.30 million during the quarter, compared to the consensus estimate of $101.81 million. The business’s revenue was up 35.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.24 EPS. On average, analysts expect that Baozun Inc will post $0.26 earnings per share for the current year.
A hedge fund recently raised its stake in Baozun stock. Ameriprise Financial Inc. increased its stake in Baozun Inc (NASDAQ:BZUN) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 153,867 shares of the company’s stock after buying an additional 1,041 shares during the period. Ameriprise Financial Inc. owned about 0.31% of Baozun worth $1,261,000 as of its most recent SEC filing.
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.