Baozun (NASDAQ:BZUN) Stock Price Crosses Below 50 Day Moving Average – Here’s Why

Baozun Inc. (NASDAQ:BZUN) shares crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $2.78 and traded as low as $2.67. Baozun shares last traded at $2.71, with a volume of 258,714 shares trading hands.

Analyst Ratings Changes

Separately, Citigroup boosted their target price on Baozun from $3.90 to $4.20 and gave the company a “buy” rating in a research report on Tuesday, November 26th.

Baozun Trading Up 4.4 %

The firm has a market cap of $176.07 million, a price-to-earnings ratio of -5.30 and a beta of 0.31. The firm’s 50-day moving average is $2.77 and its 200-day moving average is $2.75.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. QRG Capital Management Inc. acquired a new stake in shares of Baozun in the 3rd quarter worth about $50,000. Wolverine Trading LLC raised its stake in shares of Baozun by 42.5% in the third quarter. Wolverine Trading LLC now owns 15,228 shares of the technology company’s stock worth $52,000 after purchasing an additional 4,545 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Baozun in the second quarter valued at approximately $55,000. SG Americas Securities LLC bought a new position in shares of Baozun in the third quarter valued at approximately $69,000. Finally, Quadrature Capital Ltd purchased a new position in shares of Baozun during the third quarter valued at approximately $148,000. 47.29% of the stock is currently owned by institutional investors and hedge funds.

About Baozun

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.