Ruhnn (NASDAQ:RUHN) Shares Up 9.8%

Ruhnn Holding Ltd – (NASDAQ:RUHN) shot up 9.8% on Tuesday . The company traded as high as $3.88 and last traded at $3.81, 114,526 shares traded hands during trading. A decline of 74% from the average session volume of 448,101 shares. The stock had previously closed at $3.47.

The firm’s fifty day moving average price is $3.56.

Ruhnn (NASDAQ:RUHN) last announced its quarterly earnings data on Thursday, June 13th. The company reported ($0.07) earnings per share for the quarter. The company had revenue of $35.35 million during the quarter.

A hedge fund recently bought a new stake in Ruhnn stock. Pictet Asset Management Ltd. purchased a new position in Ruhnn Holding Ltd – (NASDAQ:RUHN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 370,108 shares of the company’s stock, valued at approximately $1,273,000. Pictet Asset Management Ltd. owned 0.45% of Ruhnn at the end of the most recent reporting period. Institutional investors and hedge funds own 0.01% of the company’s stock.

About Ruhnn (NASDAQ:RUHN)

Ruhnn Holding Limited, together with its subsidiaries, operates key opinion leader (KOL) cultivation and incubation platforms in the People's Republic of China. The company engages in the sale of various fashion and lifestyle products to consumers through its KOL online stores; and provision of various KOL sales and advertising services to third-party merchants.

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