Shares of Jumei International Holding Ltd (NYSE:JMEI) fell 6.1% during mid-day trading on Friday . The stock traded as low as $3.64 and last traded at $3.70. 3,045,866 shares were traded during mid-day trading, a decline of 37% from the average session volume of 4,833,174 shares. The stock had previously closed at $3.94.
Several brokerages have issued reports on JMEI. ValuEngine raised shares of Jumei International from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. BidaskClub downgraded shares of Jumei International from a “hold” rating to a “sell” rating in a research note on Wednesday, September 27th.
The stock has a market cap of $548.08, a P/E ratio of 33.64 and a beta of 1.61.
An institutional investor recently raised its position in Jumei International stock. Profund Advisors LLC grew its stake in shares of Jumei International Holding Ltd (NYSE:JMEI) by 5.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 105,162 shares of the specialty retailer’s stock after acquiring an additional 5,155 shares during the period. Profund Advisors LLC owned about 0.12% of Jumei International worth $224,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 25.49% of the company’s stock.
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Jumei International 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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