Jumei International (JMEI) Trading Up 8.2%
Shares of Jumei International Holding Ltd (NYSE:JMEI) were up 8.2% on Thursday . The company traded as high as $4.03 and last traded at $3.94. Approximately 6,630,858 shares changed hands during mid-day trading, an increase of 31% from the average daily volume of 5,056,370 shares. The stock had previously closed at $3.64.
A number of analysts recently weighed in on JMEI shares. BidaskClub downgraded Jumei International from a “hold” rating to a “sell” rating in a research note on Wednesday, September 27th. ValuEngine upgraded Jumei International from a “hold” rating to a “buy” rating in a research note on Friday, December 1st.
The stock has a market capitalization of $542.09, a P/E ratio of 35.82 and a beta of 1.61.
A hedge fund recently raised its stake in Jumei International stock. Profund Advisors LLC lifted its holdings in Jumei International Holding Ltd (NYSE:JMEI) by 5.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,162 shares of the specialty retailer’s stock after buying an additional 5,155 shares during the quarter. Profund Advisors LLC owned 0.12% of Jumei International worth $224,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 25.49% of the company’s stock.
Jumei International Company Profile
Jumei International Holding Limited is an online retailer of beauty products. The Company’s sales formats consist of curated sales, online shopping mall and flash sales. The Company’s Jumei Global sales channel is part of its curated sales format. The Company’s curated sales format includes branded beauty products, baby, children and maternity products, light luxury products and health supplements.
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