Zacks Investment Research Lowers Secoo (SECO) to Sell

Zacks Investment Research cut shares of Secoo (NASDAQ:SECO) from a hold rating to a sell rating in a research note released on Friday 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 $0.10 during trading hours on Friday, hitting $10.53. The company’s stock had a trading volume of 71,185 shares, compared to its average volume of 65,911. The firm has a market capitalization of $136.28 million, a PE ratio of 24.16 and a beta of 5.44. Secoo has a twelve month low of $8.00 and a twelve month high of $15.48. The company has a debt-to-equity ratio of 0.80, a current ratio of 5.11 and a quick ratio of 0.79.

Secoo (NASDAQ:SECO) last announced its earnings results on Tuesday, December 4th. The company reported $0.14 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.14. Secoo had a net margin of 3.07% and a return on equity of 11.31%. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter last year, the business earned ($0.05) earnings per share. Secoo’s revenue was up 60.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Secoo will post 0.56 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Symmetry Peak Management LLC acquired a new stake in Secoo during the third quarter worth approximately $191,000. Jane Street Group LLC boosted its position in Secoo by 99.8% during the second quarter. Jane Street Group LLC now owns 23,810 shares of the company’s stock worth $192,000 after acquiring an additional 11,891 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Secoo during the third quarter worth approximately $367,000. Folger Hill Asset Management LP acquired a new stake in Secoo during the third quarter worth approximately $635,000. Finally, Wexford Capital LP acquired a new stake in Secoo during the third quarter worth approximately $1,881,000. Hedge funds and other institutional investors own 36.73% of the company’s stock.

Secoo Company Profile

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.

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