Zacks Investment Research upgraded shares of Secoo (NASDAQ:SECO) from a sell rating to a hold rating in a research note published on Wednesday morning.
According to Zacks, “Secoo Holding Limited provides e commerce services. The Company offers retail sale of bags, watch, jewelry, clothing, footwear, accessories, skin care products, oral care, perfume and outdoor sports goods, as well as house decor, cleaning supplies, home appliances, kitchen equipment and computer peripherals. Secoo Holding Limited is based in Beijing, China. “
Shares of NASDAQ SECO traded down $0.39 during mid-day trading on Wednesday, hitting $9.12. The company had a trading volume of 57,356 shares, compared to its average volume of 117,952. The stock has a market cap of $125.51 million, a P/E ratio of 12.00 and a beta of 5.43. The company has a current ratio of 2.85, a quick ratio of 0.79 and a debt-to-equity ratio of 0.11. Secoo has a 1-year low of $7.73 and a 1-year high of $15.48.
Secoo (NASDAQ:SECO) last announced its quarterly earnings data on Thursday, September 6th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.03). The company had revenue of $184.39 million during the quarter, compared to analyst estimates of $168.83 million. Secoo had a net margin of 3.25% and a return on equity of 11.39%. On average, equities analysts forecast that Secoo will post 0.67 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. FIL Ltd acquired a new stake in shares of Secoo in the third quarter valued at $12,557,000. Indus Capital Partners LLC acquired a new stake in Secoo in the second quarter valued at $3,075,000. Krane Funds Advisors LLC acquired a new stake in Secoo in the second quarter valued at $2,371,000. Epoch Investment Partners Inc. raised its stake in Secoo by 35.9% in the second quarter. Epoch Investment Partners Inc. now owns 246,007 shares of the company’s stock valued at $1,988,000 after buying an additional 65,002 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in Secoo by 99.8% in the second quarter. Jane Street Group LLC now owns 23,810 shares of the company’s stock valued at $192,000 after buying an additional 11,891 shares in the last quarter. Institutional investors and hedge funds own 19.15% of the company’s stock.
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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