Baozun (NASDAQ:BZUN) Stock Price Crosses Above Fifty Day Moving Average of $2.52

Baozun Inc. (NASDAQ:BZUN - Get Free Report) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $2.52 and traded as high as $2.82. Baozun shares last traded at $2.78, with a volume of 103,422 shares trading hands.

Analyst Ratings Changes

Separately, China Renaissance cut Baozun from a "buy" rating to a "hold" rating in a research report on Tuesday, March 26th.

Baozun Stock Down 1.4 %

The company has a 50-day moving average of $2.53 and a 200 day moving average of $2.61. The firm has a market capitalization of $165.55 million, a PE ratio of -4.15 and a beta of 0.48.

Baozun (NASDAQ:BZUN - Get Free Report) last posted its earnings results on Thursday, March 21st. The technology company reported ($0.11) EPS for the quarter. Baozun had a negative return on equity of 6.58% and a negative net margin of 3.16%. The business had revenue of $391.61 million for the quarter.

Hedge Funds Weigh In On Baozun

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund raised its position in Baozun by 58.9% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,251,200 shares of the technology company's stock valued at $3,879,000 after purchasing an additional 463,800 shares during the last quarter. Acadian Asset Management LLC raised its position in Baozun by 42.4% during the 3rd quarter. Acadian Asset Management LLC now owns 705,273 shares of the technology company's stock valued at $2,178,000 after purchasing an additional 209,909 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Baozun by 71.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 62,877 shares of the technology company's stock valued at $195,000 after purchasing an additional 26,170 shares during the last quarter. Pathstone Family Office LLC purchased a new position in shares of Baozun during the 3rd quarter worth approximately $71,000. Finally, QRG Capital Management Inc. purchased a new position in shares of Baozun during the 3rd quarter worth approximately $49,000. 47.29% of the stock is currently owned by hedge funds and other institutional investors.

About Baozun

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.