BidaskClub Lowers Jumei International Holding Limited (NYSE:JMEI) to Strong Sell

BidaskClub cut shares of Jumei International Holding Limited (NYSE:JMEI) from a sell rating to a strong sell rating in a report issued on Thursday, October 26th.

Jumei International Holding Limited (NYSE:JMEI) traded down $0.07 during mid-day trading on Thursday, reaching $2.94. The company’s stock had a trading volume of 832,300 shares, compared to its average volume of 1,309,783. Jumei International Holding Limited has a fifty-two week low of $2.00 and a fifty-two week high of $5.10.

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Institutional investors have recently bought and sold shares of the stock. Karp Capital Management Corp purchased a new position in Jumei International Holding Limited in the first quarter valued at approximately $104,000. Profund Advisors LLC raised its holdings in Jumei International Holding Limited by 5.2% during the 2nd quarter. Profund Advisors LLC now owns 105,162 shares of the specialty retailer’s stock valued at $224,000 after acquiring an additional 5,155 shares during the period. Davis Selected Advisers raised its holdings in Jumei International Holding Limited by 3.6% during the 2nd quarter. Davis Selected Advisers now owns 105,490 shares of the specialty retailer’s stock valued at $225,000 after acquiring an additional 3,640 shares during the period. Renaissance Technologies LLC raised its holdings in Jumei International Holding Limited by 28.2% during the 1st quarter. Renaissance Technologies LLC now owns 2,941,800 shares of the specialty retailer’s stock valued at $10,855,000 after acquiring an additional 647,000 shares during the period. Finally, Morgan Stanley raised its holdings in Jumei International Holding Limited by 4.0% during the 1st quarter. Morgan Stanley now owns 3,680,383 shares of the specialty retailer’s stock valued at $13,580,000 after acquiring an additional 142,854 shares during the period. Institutional investors and hedge funds own 26.96% of the company’s stock.

Jumei International Holding Limited 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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