Shares of Baozun Inc. (NASDAQ:BZUN - Get Free Report) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $2.97 and traded as low as $2.15. Baozun shares last traded at $2.20, with a volume of 238,762 shares traded.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised Baozun from a "hold" rating to a "buy" rating in a report on Friday, March 21st.
Get Our Latest Report on BZUN
Baozun Stock Performance
The stock has a market cap of $148.98 million, a price-to-earnings ratio of -4.48 and a beta of 0.39. The firm's 50-day moving average price is $2.89 and its two-hundred day moving average price is $2.96.
Hedge Funds Weigh In On Baozun
A number of hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC increased its stake in Baozun by 138.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 11,651 shares of the technology company's stock worth $32,000 after purchasing an additional 6,772 shares during the period. Jane Street Group LLC purchased a new stake in shares of Baozun in the fourth quarter valued at about $42,000. QRG Capital Management Inc. grew its holdings in Baozun by 50.8% during the fourth quarter. QRG Capital Management Inc. now owns 21,092 shares of the technology company's stock worth $57,000 after acquiring an additional 7,108 shares during the period. New York State Common Retirement Fund increased its holdings in Baozun by 95.5% in the fourth quarter. New York State Common Retirement Fund now owns 23,914 shares of the technology company's stock valued at $65,000 after buying an additional 11,683 shares in the last quarter. Finally, State Street Corp acquired a new position in shares of Baozun during the 3rd quarter worth $170,000. 47.29% of the stock is currently owned by hedge funds and other institutional investors.
About Baozun
(
Get Free Report)
Baozun Inc, through its subsidiaries, provides end-to-end e-commerce solutions to brand partners in the People's Republic of China. The company operates through two segments, E-Commerce and Brand Management (BBM). The E-Commerce segment offers brands' store operations, customer services and value-added services in logistics and supply chain management, IT, and digital marketing.
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