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Equities research analysts at Goldman Sachs initiated coverage on shares of Jumei International Holding Ltd(ADR) (NASDAQ:JMEI) in a research note issued to investors on Tuesday, reports. The firm set a “buy” rating on the stock.

Jumei International Holding Lt (NASDAQ:JMEI) traded down 1.71% on Tuesday, hitting $29.94. The stock had a trading volume of 283,921 shares. Jumei International Holding Lt has a 52 week low of $22.00 and a 52 week high of $32.49. The stock’s 50-day moving average is $26.47 and its 200-day moving average is $26.47. The company has a market cap of $4.285 billion and a P/E ratio of 204.43.

Jumei International Holding Ltd is an online retailer of beauty products. The Company has sold over 30,000 stock keeping units (NASDAQ:JMEI) of beauty products.

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