Baozun (NASDAQ:BZUN) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

Baozun Inc. (NASDAQ:BZUN) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $2.82 and traded as high as $2.83. Baozun shares last traded at $2.72, with a volume of 657,149 shares trading hands.

Analysts Set New Price Targets

Separately, Citigroup upped their target price 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.

Baozun Price Performance

The business has a 50-day moving average price of $2.81 and a two-hundred day moving average price of $2.72. The firm has a market cap of $176.68 million, a PE ratio of -5.31 and a beta of 0.32.

Institutional Investors Weigh In On Baozun

Large investors have recently bought and sold shares of the stock. QRG Capital Management Inc. acquired a new position in shares of Baozun in the third quarter worth $50,000. Wolverine Trading LLC lifted its stake in shares of Baozun by 42.5% during the third quarter. Wolverine Trading LLC now owns 15,228 shares of the technology company’s stock valued at $52,000 after buying an additional 4,545 shares during the period. SG Americas Securities LLC acquired a new stake in Baozun during the third quarter worth approximately $69,000. Marshall Wace LLP purchased a new stake in Baozun in the 2nd quarter worth approximately $55,000. Finally, Quadrature Capital Ltd acquired a new position in Baozun in the 3rd quarter valued at $148,000. Institutional investors and hedge funds own 47.29% of the company’s stock.

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.