Jumei International Holding Ltd(ADR) Target of Unusually High Options Trading (JMEI)
Jumei International Holding Ltd(ADR) (NASDAQ:JMEI) was the recipient of unusually large options trading on Tuesday. Traders acquired 4,221 put options on the stock, American Banking News.com reports. This represents an increase of 517% compared to the typical daily volume of 684 put options.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs reiterated a “positive” rating on shares of Jumei International Holding Ltd(ADR) in a research note on Wednesday, July 30th. Separately, analysts at Citigroup Inc. initiated coverage on shares of Jumei International Holding Ltd(ADR) in a research note on Thursday, July 24th. They set a “buy” rating and a $32.60 price target on the stock. Finally, analysts at Bank of America initiated coverage on shares of Jumei International Holding Ltd(ADR) in a research note on Monday, July 14th. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $33.15.
Shares of Jumei International Holding Lt (NASDAQ:JMEI) traded down 10.78% on Tuesday, hitting $33.10. 4,370,042 shares of the company’s stock traded hands. Jumei International Holding Lt has a 52 week low of $22.00 and a 52 week high of $39.45. The stock’s 50-day moving average is $30.05 and its 200-day moving average is $28.36. The company has a market cap of $4.738 billion and a P/E ratio of 248.99.
Jumei International Holding Ltd(ADR) (NASDAQ:JMEI) last posted its quarterly earnings results on Monday, August 18th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.04. The company had revenue of $154.40 million for the quarter, compared to the consensus estimate of $148.69 million. The company’s revenue for the quarter was up 41.9% on a year-over-year basis. Analysts expect that Jumei International Holding Lt will post $0.56 EPS for the current fiscal year.
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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