Baozun Inc. (NASDAQ:BZUN - Get Free Report)'s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty 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 trading hands.
Analysts Set New Price Targets
Separately, Wall Street Zen lowered Baozun from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th.
Get Our Latest Research Report on BZUN
Baozun Trading Up 2.1%
The stock has a market cap of $182.78 million, a PE ratio of -7.36 and a beta of 0.31. The business has a 50-day moving average price of $2.87 and a 200-day moving average price of $2.93.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its stake in Baozun by 138.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 11,651 shares of the technology company's stock valued at $32,000 after purchasing an additional 6,772 shares during the last quarter. Jane Street Group LLC acquired a new position in Baozun in the 4th quarter valued at $42,000. Jump Financial LLC acquired a new stake in shares of Baozun in the 4th quarter worth $212,000. Marshall Wace LLP acquired a new stake in shares of Baozun in the 4th quarter worth $213,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Baozun in the 4th quarter worth $221,000. 47.29% of the stock is owned by institutional investors and hedge funds.
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 Articles
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 Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
