Baozun Inc. (NASDAQ:BZUN - Get Free Report) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $2.82 and traded as high as $2.83. Baozun shares last traded at $2.72, with a volume of 657,149 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Citigroup boosted their target price on shares of Baozun from $3.90 to $4.20 and gave the company a "buy" rating in a research note on Tuesday, November 26th.
Get Our Latest Report on BZUN
Baozun Trading Up 1.8 %
The firm has a fifty day moving average price of $2.81 and a 200 day moving average price of $2.72. The firm has a market capitalization of $170.53 million, a price-to-earnings ratio of -5.13 and a beta of 0.32.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC lifted its holdings in Baozun by 55.1% during the 2nd quarter. Acadian Asset Management LLC now owns 1,002,018 shares of the technology company's stock worth $2,335,000 after buying an additional 356,096 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Baozun by 23.4% during the second quarter. Dimensional Fund Advisors LP now owns 620,450 shares of the technology company's stock worth $1,452,000 after acquiring an additional 117,502 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Baozun during the second quarter valued at $55,000. Mackenzie Financial Corp acquired a new position in shares of Baozun during the second quarter valued at $165,000. Finally, SG Americas Securities LLC bought a new position in Baozun in the third quarter valued at about $69,000. Institutional investors and hedge funds own 47.29% of the company's stock.
Baozun Company Profile
(
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.
Featured Stories
Before you consider Baozun, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Baozun wasn't on the list.
While Baozun currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
