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Nomura downgraded Vipshop (NYSE:VIPS) from Buy to Neutral in a report released today.

Nomura has downgraded Vipshop (NYSE:VIPS) from Buy to Neutral in a report released on Tuesday May 16, 2017.

Just yesterday Vipshop (NYSE:VIPS) traded -0.87% lower at $14.78. Vipshop’s 50-day moving average is $13.69 and its 200-day moving average is $12.63. The last stock price is up 16.99% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.02% over the same time period. 10,041,725 shares of VIPS traded hands, up from an average trading volume of 4,978,940

Recent Performance Chart

Vipshop (NYSE:VIPS)

Vipshop has 52 week low of $10.21 and a 52 week high of $17.41 with a PE ratio of 30.22 and has a market capitalization of $0.

In addition to Nomura reporting its stock price target, a total of 21 brokerages have issued a ratings update on the company. The average stock price target is $17.18 with 7 brokerages rating the stock a strong buy, 9 brokerages rating the stock a buy, 5 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Vipshop (NYSE:VIPS)

Vipshop Holdings Limited is a holding company. The Company is an online discount retailer for brands in China. The Company offers branded products to consumers in China through flash sales mainly on its vip.com Website. The Company's segment is sales, product distribution and offering of goods on its online platforms. The Company conducts its business through its subsidiaries and consolidated affiliated entities in China. Through its flash sales model, the Company sells limited quantities of discounted branded products online for limited periods of time. The Company offers diversified product offerings from over 17,000 domestic and international brands, including apparel for women, men and children, fashion goods, cosmetics, home goods and other lifestyle products. The Company offers a range of products and services for consumers through lefeng.com, specializing in branded cosmetics, apparel, healthcare products, food and other consumer products.

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