Baozun Inc. (NASDAQ:BZUN - Get Free Report) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $2.93 and traded as high as $3.33. Baozun shares last traded at $3.19, with a volume of 364,923 shares trading hands.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on BZUN shares. StockNews.com cut Baozun from a "buy" rating to a "hold" rating in a research report on Saturday. Citigroup boosted their price objective on Baozun from $3.90 to $4.20 and gave the stock a "buy" rating in a research note on Tuesday, November 26th.
Check Out Our Latest Analysis on BZUN
Baozun Price Performance
The firm has a 50 day moving average price of $2.94 and a 200-day moving average price of $2.81. The firm has a market cap of $213.86 million, a price-to-earnings ratio of -6.41 and a beta of 0.32.
Baozun (NASDAQ:BZUN - Get Free Report) last released its earnings results on Thursday, November 21st. The technology company reported ($0.21) earnings per share for the quarter. Baozun had a negative net margin of 2.55% and a negative return on equity of 5.58%.
Institutional Investors Weigh In On Baozun
Several large investors have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Baozun during the third quarter worth about $353,000. Barclays PLC increased its stake in Baozun by 2,153.5% during the 3rd quarter. Barclays PLC now owns 160,000 shares of the technology company's stock worth $573,000 after acquiring an additional 152,900 shares during the period. State Street Corp bought a new position in Baozun during the 3rd quarter worth $170,000. Marshall Wace LLP bought a new position in shares of Baozun in the 2nd quarter valued at $55,000. Finally, Wolverine Trading LLC raised its holdings in shares of Baozun by 42.5% during the 3rd quarter. Wolverine Trading LLC now owns 15,228 shares of the technology company's stock worth $52,000 after buying an additional 4,545 shares in the last quarter. 47.29% of the stock is currently owned by institutional investors.
Baozun Company Profile
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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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