Secoo (SECO) Upgraded at BidaskClub
BidaskClub upgraded shares of Secoo (NASDAQ:SECO) from a hold rating to a buy rating in a research note released on Thursday.
A number of other analysts have also recently commented on the company. Zacks Investment Research raised Secoo from a hold rating to a buy rating and set a $11.00 price target for the company in a research report on Wednesday, December 20th. Jefferies Group started coverage on Secoo in a research report on Tuesday, October 17th. They set a buy rating and a $18.00 price target for the company. Finally, ValuEngine cut Secoo from a strong-buy rating to a buy rating in a research report on Thursday, November 30th.
Shares of Secoo (NASDAQ SECO) traded up $0.35 on Thursday, reaching $10.78. The company’s stock had a trading volume of 149,852 shares, compared to its average volume of 616,831. Secoo has a 12 month low of $6.61 and a 12 month high of $14.75. The company has a quick ratio of 1.22, a current ratio of 2.33 and a debt-to-equity ratio of 0.01.
A hedge fund recently bought a new stake in Secoo stock. Maso Capital Partners Ltd purchased a new position in shares of Secoo Holding Ltd – (NASDAQ:SECO) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 50,000 shares of the company’s stock, valued at approximately $445,000. Secoo accounts for about 0.3% of Maso Capital Partners Ltd’s portfolio, making the stock its 12th biggest holding. Maso Capital Partners Ltd owned about 0.39% of Secoo at the end of the most recent reporting period. 24.83% of the stock is currently owned by hedge funds and other institutional investors.
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Secoo Holding Limited is an online integrated platform company. The Company offers an integrated online and offline shopping platform, which consists of its Secoo.com Website, mobile applications and offline experience centers. The Company offers a range of products including watches, bags, clothing, footwear, jewelry, accessories, menswear, children’s wear, sportswear, cosmetics and skin care, automobile, home goods, lifestyle services, lifestyle services and high-end Chinese original products.
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