Baozun (NASDAQ:BZUN) Stock Passes Above 50 Day Moving Average – Time to Sell?

Baozun Inc. (NASDAQ:BZUN) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $2.80 and traded as high as $3.38. Baozun shares last traded at $3.28, with a volume of 190,397 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Baozun from a “strong-buy” rating to a “buy” rating in a research report on Tuesday.

Baozun Stock Down 3.5%

The company has a market capitalization of $177.56 million, a P/E ratio of -6.07 and a beta of 0.29. The company has a 50-day moving average of $2.80 and a two-hundred day moving average of $2.93.

Institutional Investors Weigh In On Baozun

Several hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted 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 worth $32,000 after acquiring an additional 6,772 shares in the last quarter. Jane Street Group LLC bought a new stake in Baozun in the fourth quarter worth $42,000. QRG Capital Management Inc. boosted its holdings in Baozun by 50.8% in the fourth quarter. QRG Capital Management Inc. now owns 21,092 shares of the technology company’s stock worth $57,000 after acquiring an additional 7,108 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in Baozun by 95.5% in the fourth quarter. New York State Common Retirement Fund now owns 23,914 shares of the technology company’s stock worth $65,000 after acquiring an additional 11,683 shares in the last quarter. Finally, Jump Financial LLC bought a new stake in Baozun in the fourth quarter worth $212,000. 47.29% of the stock is currently owned by institutional investors.

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.