Jumei International Holding Limited (NYSE:JMEI) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 3.65 by 2 Brokerage Firm. 1 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.
Other Equity analysts have also commented on the company shares. Major Brokerage house, Morgan Stanley downgrades its ratings on Jumei International Holding Limited (NYSE:JMEI). In the latest research report, Morgan Stanley lowers the target price from $9 per share to $7 per share. According to the latest information available, the shares are now rated Underweight by the analysts at the agency. Previously, the analysts had a Equal-weight rating on the shares. The rating by the firm was issued on April 6, 2016.
Jumei International Holding Limited (NYSE:JMEI): The mean estimate for the short term price target for Jumei International Holding Limited (NYSE:JMEI) stands at $11.33 according to 3 Analysts. The higher price target estimate for the stock has been calculated at $15 while the lower price target estimate is at $7.
Jumei International Holding Limited (NYSE:JMEI) witnessed a decline in the market cap on Tuesday as its shares dropped 0.67% or 0.03 points. After the session commenced at $4.49, the stock reached the higher end at $4.5 while it hit a low of $4.3961. With the volume soaring to 1,090,842 shares, the last trade was called at $4.43. The company has a 52-week high of $24.1. The company has a market cap of $650 million and there are 146,634,600 shares in outstanding. The 52-week low of the share price is $4.25.
Jumei International Holding Limited has lost 8.66% in the last five trading days and dropped 15.62% in the last 4 weeks. Jumei International Holding Limited has dropped 30.35% during the last 3-month period . Year-to-Date the stock performance stands at -51.1%.
Jumei International Holding Limited is an online retailer of beauty products. The Company has two complementary sales formats on its Internet platform for beauty products: curated sales and online shopping mall through which it sells beauty products directly to customers. As part of curated sales, its Jumei Global offers Chinese consumers access to beauty products sourced directly from overseas and allows its consumers to make payments in Renminbi. In addition to curated sales, it also sells a selection of branded beauty products in its online shopping mall. In addition to beauty products, the Company offers apparel and other lifestyle products sold by third-party merchants. The Companys flash sales format features virtual stores of selected third-party merchants, offering apparel and accessories, footwear, handbags and luggage, baby, children and maternity products, as well as home goods and other lifestyle products at discounts.