Secoo’s (NASDAQ:SECO) lock-up period will expire on Wednesday, March 21st. Secoo had issued 8,500,000 shares in its public offering on September 22nd. The total size of the offering was $110,500,000 based on an initial share price of $13.00. After the end of the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.
SECO has been the topic of several research reports. Zacks Investment Research cut shares of Secoo from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. BidaskClub cut shares of Secoo from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 27th. Finally, ValuEngine upgraded shares of Secoo from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd.
SECO traded down $0.57 during trading hours on Friday, hitting $8.92. The company’s stock had a trading volume of 82,774 shares, compared to its average volume of 124,761. Secoo has a 12 month low of $6.61 and a 12 month high of $14.75. The stock has a market capitalization of $121.66 and a PE ratio of 11.74. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.14 and a current ratio of 2.43.
Secoo (NASDAQ:SECO) last announced its quarterly earnings results on Thursday, March 22nd. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.04. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the firm posted $0.64 EPS. The company’s revenue for the quarter was up 60.5% on a year-over-year basis. research analysts forecast that Secoo will post 0.91 earnings per share for the current year.
A hedge fund recently bought a new stake in Secoo stock. Alyeska Investment Group L.P. acquired a new stake in shares of Secoo Holding Ltd – (NASDAQ:SECO) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 SEC filing. 24.22% of the stock is owned by institutional investors and hedge funds.
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Secoo Holding Limited, through its subsidiaries, operates as 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, find 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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