Baozun (NASDAQ:BZUN) Share Price Crosses Above 50-Day Moving Average – What’s Next?

Baozun Inc. (NASDAQ:BZUN) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $2.93 and traded as high as $3.33. Baozun shares last traded at $3.19, with a volume of 364,923 shares.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on BZUN shares. Citigroup upped their price objective on shares of Baozun from $3.90 to $4.20 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. StockNews.com lowered shares of Baozun from a “buy” rating to a “hold” rating in a research note on Saturday.

Baozun Price Performance

The business has a 50 day moving average price of $2.94 and a 200 day moving average price of $2.81. The stock has a market capitalization of $207.46 million, a PE ratio of -6.24 and a beta of 0.32.

Baozun (NASDAQ:BZUN) last released its quarterly earnings results on Thursday, November 21st. The technology company reported ($0.21) earnings per share for the quarter. Baozun had a negative return on equity of 5.58% and a negative net margin of 2.55%.

Institutional Investors Weigh In On Baozun

A number of institutional investors have recently added to or reduced their stakes in BZUN. Dimensional Fund Advisors LP raised its stake in shares of Baozun by 23.4% in the second quarter. Dimensional Fund Advisors LP now owns 620,450 shares of the technology company’s stock valued at $1,452,000 after acquiring an additional 117,502 shares during the period. Marshall Wace LLP bought a new position in Baozun in the second quarter worth approximately $55,000. SG Americas Securities LLC bought a new position in Baozun in the third quarter worth about $69,000. QRG Capital Management Inc. purchased a new position in Baozun in the third quarter worth $50,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Baozun by 9.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 490,771 shares of the technology company’s stock worth $1,757,000 after acquiring an additional 42,524 shares during the period. 47.29% of the stock is owned by hedge funds and other institutional investors.

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.