Vipshop Holdings Ltd – ADR (NYSE:VIPS) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 24, 2016
Zacks Investment Research has upgraded Vipshop Holdings Ltd – ADR (NYSE:VIPS) to Hold in a statement released on Thursday September 22, 2016.
Having a price of $13.96, Vipshop Holdings Ltd – ADR (NYSE:VIPS) traded -0.65% lower on the day. With the last close up 17.38% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Vipshop Holdings Ltd – ADR has recorded a 50-day average of $14.59 and a two hundred day average of $12.99. Volume of trade was down over the average, with 6,623,169 shares of VIPS changing hands under the typical 7,313,600
With a total market value of $0, Vipshop Holdings Ltd – ADR has price-earnings ratio of 34.74 with a one year low of $10.21 and a one year high of $22.31 .
A total of 21 analysts have released a research note on Vipshop Holdings Ltd – ADR. Seven analysts rating the company a strong buy, nine analysts rating the company a buy, five analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $17.18.
More About Vipshop Holdings Ltd – ADR (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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