Jumei International (NYSE:JMEI) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Friday.

Separately, BidaskClub cut shares of Jumei International from a “sell” rating to a “strong sell” rating in a research report on Thursday, October 26th.

Shares of Jumei International (NYSE:JMEI) opened at $2.97 on Friday. Jumei International has a 52 week low of $2.00 and a 52 week high of $5.05.

An institutional investor recently raised its position in Jumei International stock. Profund Advisors LLC increased its stake in shares of Jumei International Holding Limited (NYSE:JMEI) by 5.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 105,162 shares of the specialty retailer’s stock after buying an additional 5,155 shares during the period. Profund Advisors LLC owned 0.12% of Jumei International worth $224,000 as of its most recent filing with the SEC. 25.50% of the stock is currently owned by hedge funds and other institutional investors.

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Jumei International Company Profile

Jumei International Holding Limited is an online retailer of beauty products. The Company’s sales formats consist of curated sales, online shopping mall and flash sales. The Company’s Jumei Global sales channel is part of its curated sales format. The Company’s curated sales format includes branded beauty products, baby, children and maternity products, light luxury products and health supplements.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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