Shares of Secoo Holding Ltd – (NASDAQ:SECO) gapped up prior to trading on Friday . The stock had previously closed at $5.77, but opened at $9.91. Secoo shares last traded at $10.07, with a volume of 9130200 shares changing hands.

Several research firms recently commented on SECO. Zacks Investment Research upgraded shares of Secoo from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research report on Wednesday. ValuEngine downgraded shares of Secoo from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 30th. Finally, Jefferies Group began coverage on shares of Secoo in a research report on Tuesday, October 17th. They issued a “buy” rating and a $18.00 price target for the company.

The company has a quick ratio of 1.22, a current ratio of 2.33 and a debt-to-equity ratio of 0.01.

An institutional investor recently bought a new position in Secoo stock. Alyeska Investment Group L.P. acquired a new position in shares of Secoo Holding Ltd – (NASDAQ:SECO) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 33,175 shares of the company’s stock, valued at approximately $295,000. Alyeska Investment Group L.P. owned about 0.26% of Secoo as of its most recent filing with the SEC. 24.83% of the stock is currently owned by institutional investors and hedge funds.

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Secoo Company Profile

Secoo Holding Limited is an online integrated platform company. The Company offers an integrated online and offline shopping platform, which consists of its Secoo.com Website, mobile applications and offline experience centers. The Company offers a range of products including watches, bags, clothing, footwear, jewelry, accessories, menswear, children’s wear, sportswear, cosmetics and skin care, automobile, home goods, lifestyle services, lifestyle services and high-end Chinese original products.

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