Baozun (BZUN) Shares Gap Up to $32.49
Baozun Inc (NASDAQ:BZUN) gapped up before the market opened on Thursday . The stock had previously closed at $32.35, but opened at $32.49. Baozun shares last traded at $32.71, with a volume of 2238609 shares trading hands.
Several brokerages have recently commented on BZUN. BidaskClub downgraded Baozun from a “buy” rating to a “hold” rating in a report on Wednesday, August 1st. Zacks Investment Research raised Baozun from a “sell” rating to a “hold” rating in a report on Tuesday, October 16th. Finally, ValuEngine downgraded Baozun from a “buy” rating to a “hold” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Baozun presently has an average rating of “Hold” and an average price target of $48.47.
The company has a market capitalization of $1.77 billion, a PE ratio of 59.07 and a beta of 3.62. The company has a quick ratio of 1.76, a current ratio of 2.12 and a debt-to-equity ratio of 0.03.
Institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. purchased a new stake in Baozun in the 2nd quarter worth about $172,000. FundX Investment Group LLC purchased a new stake in Baozun in the 2nd quarter worth about $209,000. Virginia Retirement Systems ET AL purchased a new stake in Baozun in the 2nd quarter worth about $263,000. Dai Ichi Life Insurance Company Ltd purchased a new stake in Baozun in the 2nd quarter worth about $271,000. Finally, Adviser Investments LLC purchased a new stake in Baozun in the 2nd quarter worth about $274,000. 47.94% of the stock is owned by hedge funds and other institutional investors.
Baozun Company Profile (NASDAQ:BZUN)
Baozun Inc provides e-commerce solutions for brand partners in the People's Republic of China. It offers end-to-end e-commerce solutions, including IT infrastructure setup and integration, online store design and setup, store operations, visual merchandizing and marketing campaigns, customer services, warehousing, and order fulfillment.
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