Baozun (NASDAQ:BZUN) Stock Crosses Below Fifty Day Moving Average of $2.41

Baozun Inc. (NASDAQ:BZUN)’s share price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $2.41 and traded as low as $2.12. Baozun shares last traded at $2.22, with a volume of 649,669 shares.

Baozun Stock Down 2.6 %

The company has a fifty day simple moving average of $2.41 and a 200 day simple moving average of $2.51. The firm has a market capitalization of $135.59 million, a P/E ratio of -3.70 and a beta of 0.32.

Baozun (NASDAQ:BZUN) last released its earnings results on Tuesday, May 28th. The technology company reported ($0.15) EPS for the quarter. Baozun had a negative return on equity of 6.14% and a negative net margin of 2.92%. The company had revenue of $274.20 million during the quarter.

Institutional Investors Weigh In On Baozun

Several large investors have recently bought and sold shares of the business. Aigen Investment Management LP bought a new stake in Baozun in the 4th quarter worth about $30,000. Cetera Advisors LLC bought a new stake in Baozun in the 1st quarter worth about $35,000. Virtu Financial LLC bought a new stake in Baozun in the 1st quarter worth about $48,000. Marshall Wace LLP bought a new stake in Baozun in the 2nd quarter worth about $55,000. Finally, Mackenzie Financial Corp bought a new stake in Baozun in the 2nd quarter worth about $165,000. 47.29% of the stock is currently owned by 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.