Baozun (NASDAQ:BZUN) Stock Passes Below 50 Day Moving Average of $2.43

Baozun Inc. (NASDAQ:BZUN)’s stock price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $2.43 and traded as low as $2.43. Baozun shares last traded at $2.47, with a volume of 853,561 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. China Renaissance cut Baozun from a “buy” rating to a “hold” rating in a research report on Tuesday, March 26th. StockNews.com cut Baozun from a “buy” rating to a “hold” rating in a research report on Saturday, January 6th.

Baozun Stock Down 0.4 %

The company has a 50-day simple moving average of $2.43 and a two-hundred day simple moving average of $2.67. The firm has a market cap of $149.24 million, a PE ratio of -3.74 and a beta of 0.58.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Point72 Asset Management L.P. purchased a new position in Baozun in the second quarter worth $28,000. HighTower Advisors LLC purchased a new position in shares of Baozun during the 4th quarter valued at $55,000. Toroso Investments LLC purchased a new position in shares of Baozun during the 1st quarter valued at $88,000. Aigen Investment Management LP purchased a new position in shares of Baozun during the 4th quarter valued at $30,000. Finally, Wells Fargo & Company MN lifted its position in shares of Baozun by 87.4% during the 2nd quarter. Wells Fargo & Company MN now owns 13,398 shares of the technology company’s stock valued at $53,000 after buying an additional 6,250 shares during the last quarter. Hedge funds and other institutional investors own 47.29% of the company’s stock.

About Baozun

Baozun Inc, through its subsidiaries, provides e-commerce solutions to brand partners in the People's Republic of China. The company offers IT infrastructure setup and integration, online store design and setup, online store operations, visual merchandising and marketing campaigns, customer services, and warehousing and order fulfilment.