Baozun (NASDAQ:BZUN) Shares Pass Below 200-Day Moving Average – Should You Sell?

Shares of Baozun Inc. (NASDAQ:BZUN) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.06 and traded as low as $2.33. Baozun shares last traded at $2.44, with a volume of 632,468 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Baozun from a “hold” rating to a “buy” rating in a report on Friday, March 21st.

Baozun Stock Performance

The firm has a market capitalization of $150.21 million, a PE ratio of -4.52 and a beta of 0.39. The stock’s 50 day simple moving average is $3.24 and its two-hundred day simple moving average is $3.06.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BZUN. Tower Research Capital LLC TRC lifted its holdings in Baozun by 138.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 11,651 shares of the technology company’s stock valued at $32,000 after acquiring an additional 6,772 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Baozun in the 4th quarter valued at $42,000. Wolverine Trading LLC grew its holdings 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 worth $52,000 after purchasing an additional 4,545 shares during the period. QRG Capital Management Inc. increased its position in shares of Baozun by 50.8% during the 4th quarter. QRG Capital Management Inc. now owns 21,092 shares of the technology company’s stock worth $57,000 after purchasing an additional 7,108 shares during the last quarter. Finally, New York State Common Retirement Fund raised its holdings in Baozun by 95.5% in the 4th quarter. New York State Common Retirement Fund now owns 23,914 shares of the technology company’s stock valued at $65,000 after buying an additional 11,683 shares during the period. Hedge funds and other institutional investors own 47.29% of the company’s stock.

Baozun Company Profile

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.