Zacks Investment Research Upgrades Secoo (SECO) to Hold

Zacks Investment Research upgraded shares of Secoo (NASDAQ:SECO) from a sell rating to a hold rating in a research note published on Wednesday morning.

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. “

Shares of SECO stock traded down $0.39 during mid-day trading on Wednesday, hitting $9.12. 57,356 shares of the stock were exchanged, compared to its average volume of 117,952. The firm has a market cap of $125.51 million, a price-to-earnings ratio of 12.00 and a beta of 5.43. Secoo has a 12-month low of $7.73 and a 12-month high of $15.48. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.79 and a current ratio of 2.85.

Secoo (NASDAQ:SECO) last issued its quarterly earnings data on Thursday, September 6th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.03). The firm had revenue of $184.39 million for the quarter, compared to analysts’ expectations of $168.83 million. Secoo had a return on equity of 11.39% and a net margin of 3.25%. As a group, research analysts predict that Secoo will post 0.67 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SECO. FIL Ltd purchased a new position in shares of Secoo during the third quarter worth about $12,557,000. Indus Capital Partners LLC purchased a new position in shares of Secoo during the second quarter worth about $3,075,000. Krane Funds Advisors LLC purchased a new position in shares of Secoo during the second quarter worth about $2,371,000. Epoch Investment Partners Inc. grew its holdings in shares of Secoo by 35.9% during the second quarter. Epoch Investment Partners Inc. now owns 246,007 shares of the company’s stock worth $1,988,000 after buying an additional 65,002 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Secoo during the first quarter worth about $125,000. 19.15% of the stock is currently owned by hedge funds and other institutional investors.

About Secoo

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.

Further Reading: Understanding Price to Earnings Ratio (PE)

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