Baozun (NASDAQ:BZUN) Stock Crosses Below Fifty Day Moving Average of $2.45

Shares of Baozun Inc. (NASDAQ:BZUN) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $2.45 and traded as low as $2.41. Baozun shares last traded at $2.55, with a volume of 722,617 shares traded.

Analyst Ratings Changes

Several brokerages have issued reports on BZUN. China Renaissance downgraded shares of Baozun from a “buy” rating to a “hold” rating in a research report on Tuesday, March 26th. StockNews.com downgraded shares of Baozun from a “buy” rating to a “hold” rating in a research report on Saturday, January 6th.

Baozun Price Performance

The business’s 50-day moving average price is $2.45 and its two-hundred day moving average price is $2.62. The company has a market capitalization of $154.07 million, a price-to-earnings ratio of -3.86 and a beta of 0.58.

Baozun (NASDAQ:BZUN) last released its quarterly earnings results on Thursday, March 21st. The technology company reported ($0.11) earnings per share for the quarter. Baozun had a negative net margin of 3.16% and a negative return on equity of 6.58%. The business had revenue of $391.61 million during the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BZUN. Healthcare of Ontario Pension Plan Trust Fund raised its position in Baozun by 58.9% during the third 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 in the last quarter. Acadian Asset Management LLC raised its position in Baozun by 42.4% during the third 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Baozun by 71.3% during the third 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 in the last quarter. Pathstone Family Office LLC acquired a new position in Baozun during the third quarter valued at approximately $71,000. Finally, QRG Capital Management Inc. acquired a new position in Baozun during the third quarter valued at approximately $49,000. 47.29% of the stock is currently owned by institutional investors and hedge funds.

About Baozun

Baozun Inc, through its subsidiaries, provides e-commerce solutions to brand partners in the People's Republic of China. The company offers IT infrastructure setup and integration, online store design and setup, online store operations, visual merchandising and marketing campaigns, customer services, and warehousing and order fulfilment.