Baozun (NASDAQ:BZUN) Stock Price Passes Below Fifty Day Moving Average – Here’s What Happened

Baozun Inc. (NASDAQ:BZUN) shares passed below its fifty day moving average during trading on Monday . The stock has a fifty 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 changing hands.

Analysts Set New Price Targets

Separately, Citigroup upped their price objective on shares of Baozun from $3.90 to $4.20 and gave the stock a “buy” rating in a research report on Tuesday, November 26th.

Baozun Price Performance

The stock has a fifty day moving average of $2.77 and a 200 day moving average of $2.75. The firm has a market capitalization of $176.07 million, a P/E ratio of -5.30 and a beta of 0.31.

Institutional Investors Weigh In On Baozun

Hedge funds have recently made changes to their positions in the business. QRG Capital Management Inc. bought a new position in Baozun during the third quarter valued at about $50,000. Wolverine Trading LLC grew its position in shares of Baozun by 42.5% during the 3rd quarter. Wolverine Trading LLC now owns 15,228 shares of the technology company’s stock valued at $52,000 after acquiring an additional 4,545 shares during the period. Marshall Wace LLP purchased a new stake in shares of Baozun during the 2nd quarter worth approximately $55,000. SG Americas Securities LLC bought a new stake in shares of Baozun in the 3rd quarter worth approximately $69,000. Finally, Quadrature Capital Ltd purchased a new position in Baozun in the third quarter valued at approximately $148,000. 47.29% of the stock is currently owned by institutional investors.

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.