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Vipshop Holdings Limited (NYSE:VIPS) has been upgraded from Neutral to Buy in a statement by Bank of America (Merrill Lynch) earlier today.

Just yesterday Vipshop Holdings Limited (NYSE:VIPS) traded 3.80% lower at $16.36. The company’s 50-day average is $14.57 and its 200-day moving average is $12.85. The last close is up 6.46% from the 200-day moving average, compared with the S&P 500 which has fallen -0.01% over the date range. 7,021,017 shares of VIPS exchanged hands, down from ann average trading volume of 7,227,210.

Bank of America (Merrill Lynch) has upgraded Vipshop Holdings Limited(NYSE:VIPS) from Neutral to Buy in a report released 8/16/2016.

On Wednesday May 18 2016, JP Morgan reported about Vipshop Holdings Limited(NYSE:VIPS) dropped the target price from $15.00 to $11.00. At the time, this indicated a possible downside of -0.11%.

Performance Graph:

Vipshop Holdings Limited (NYSE:VIPS)

A total of 21 firms have issued a report on VIPS. Seven analysts rate the company a strong buy, nine firms rate the company a buy, five firms rate the stock a hold, 0 rate the stock to underperform, and lastly 0 brokeragesrate the company as sell with a 12-month target of $17.18

Vipshop Holdings Limited has a one-year low of $10.21 and a one-year high of $22.31 with a PE ratio of 31 and has a market cap of $0.0.

General Company Details For Vipshop Holdings Limited (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 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, specializing in branded cosmetics, apparel, healthcare products, and food and other consumer products.

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