Baozun (NASDAQ:BZUN) Shares Cross Below 50 Day Moving Average of $2.65

Baozun Inc. (NASDAQ:BZUN) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $2.65 and traded as low as $2.32. Baozun shares last traded at $2.34, with a volume of 233,114 shares.

Wall Street Analyst Weigh In

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

Baozun Stock Performance

The business has a fifty day moving average of $2.65 and a 200-day moving average of $2.52.

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

Institutional Trading of Baozun

Several institutional investors and hedge funds have recently modified their holdings of the business. Virtu Financial LLC bought a new position in shares of Baozun during the 1st quarter valued at about $48,000. Cetera Advisors LLC bought a new position in shares of Baozun during the 1st quarter valued at about $35,000. Finally, Aigen Investment Management LP bought a new position in shares of Baozun during the 4th quarter valued at about $30,000. Hedge funds and other institutional investors own 47.29% of the company’s stock.

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.