Shares of Secoo Holding Ltd – (NASDAQ:SECO) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokers have set a 12 month consensus price target of $16.50 for the company and are forecasting that the company will post $0.03 EPS for the current quarter, according to Zacks. Zacks has also given Secoo an industry rank of 188 out of 255 based on the ratings given to its competitors.
Separately, Zacks Investment Research downgraded Secoo from a “buy” rating to a “hold” rating in a research note on Wednesday, February 6th.
Shares of Secoo stock opened at $10.18 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 5.11 and a quick ratio of 2.63. Secoo has a 1-year low of $7.86 and a 1-year high of $15.48. The stock has a market cap of $120.33 million, a price-to-earnings ratio of 24.24 and a beta of 2.87.
Secoo (NASDAQ:SECO) last issued its quarterly earnings results on Thursday, April 4th. The company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.08). Secoo had a return on equity of 10.96% and a net margin of 2.82%. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the business posted $0.25 earnings per share. The business’s revenue was up 27.0% on a year-over-year basis. On average, sell-side analysts forecast that Secoo will post 0.8 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Segantii Capital Management Ltd bought a new position in shares of Secoo during the 1st quarter worth approximately $52,000. Barclays PLC bought a new position in shares of Secoo during the 4th quarter worth approximately $26,000. Penserra Capital Management LLC lifted its position in shares of Secoo by 6.3% during the 4th quarter. Penserra Capital Management LLC now owns 65,103 shares of the company’s stock worth $590,000 after buying an additional 3,871 shares in the last quarter. Krane Funds Advisors LLC raised its holdings in shares of Secoo by 23.4% in the 3rd quarter. Krane Funds Advisors LLC now owns 362,039 shares of the company’s stock worth $4,598,000 after purchasing an additional 68,591 shares during the period. Finally, Symmetry Peak Management LLC bought a new stake in shares of Secoo in the 3rd quarter worth approximately $191,000. 40.05% of the stock is currently owned by institutional investors and hedge funds.
Secoo Company Profile
Secoo Holding Limited, through its subsidiaries, operates an integrated online and offline shopping platform in the People's Republic of China and internationally. The company provides upscale brand products and services, including bags, watches, women's and men's wear, footwear, children's wear, sportswear, cosmetics and skin care products, jewelry, accessories, automobiles, home goods, fine food and beverage products, arts, and Chinese original products, as well as lifestyle services through its Website, mobile applications, and offline experience centers.
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