Zacks Investment Research cut shares of Secoo (NASDAQ:SECO) from a buy rating to a hold rating in a report released on Saturday.
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. “
SECO has been the subject of a number of other research reports. BidaskClub downgraded Secoo from a strong-buy rating to a buy rating in a report on Tuesday, February 27th. ValuEngine downgraded Secoo from a buy rating to a hold rating in a report on Saturday, June 2nd.
Secoo opened at $9.77 on Friday, according to MarketBeat Ratings. The company has a quick ratio of 1.00, a current ratio of 3.02 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $122.05 million and a price-to-earnings ratio of 12.86. Secoo has a 12-month low of $6.61 and a 12-month high of $14.75.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Epoch Investment Partners Inc. purchased a new stake in shares of Secoo in the first quarter worth $1,899,000. Citadel Advisors LLC purchased a new stake in shares of Secoo in the first quarter worth $264,000. KADENSA CAPITAL Ltd purchased a new stake in shares of Secoo in the fourth quarter worth $2,898,000. Anchor Capital Advisors LLC purchased a new stake in shares of Secoo in the first quarter worth $148,000. Finally, Jane Street Group LLC purchased a new stake in shares of Secoo in the first quarter worth $125,000. 22.02% of the stock is currently owned by hedge funds and other institutional investors.
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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