Baozun (NASDAQ:BZUN) Stock Price Passes Below 50 Day Moving Average - Time to Sell?

Baozun Inc. (NASDAQ:BZUN - Get Free Report) shares passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $2.89 and traded as low as $2.66. Baozun shares last traded at $2.70, with a volume of 434,322 shares traded.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Baozun from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th.

Baozun Stock Performance

The company has a market cap of $178.45 million, a PE ratio of -7.19 and a beta of 0.31. The firm has a fifty day simple moving average of $2.86 and a 200 day simple moving average of $2.93.

Hedge Funds Weigh In On Baozun

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Baozun by 77.4% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 92,523 shares of the technology company's stock valued at $252,000 after purchasing an additional 40,364 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Baozun in the 4th quarter valued at approximately $232,000. Schroder Investment Management Group raised its position in shares of Baozun by 16.5% in the 4th quarter. Schroder Investment Management Group now owns 2,301,500 shares of the technology company's stock valued at $6,352,000 after purchasing an additional 326,388 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Baozun by 38.9% in the 4th quarter. Renaissance Technologies LLC now owns 273,053 shares of the technology company's stock valued at $743,000 after purchasing an additional 76,537 shares in the last quarter. Finally, Walleye Capital LLC raised its position in shares of Baozun by 103.5% in the 4th quarter. Walleye Capital LLC now owns 306,091 shares of the technology company's stock valued at $833,000 after purchasing an additional 155,650 shares in the last quarter. 47.29% of the stock is owned by institutional investors and hedge funds.

Baozun Company Profile

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.