Jumei International (JMEI) Shares Gap Down to $2.85

Shares of Jumei International Holding Ltd (NYSE:JMEI) gapped down prior to trading on Wednesday . The stock had previously closed at $2.85, but opened at $2.85. Jumei International shares last traded at $2.85, with a volume of 1446720 shares changing hands.

Several brokerages recently weighed in on JMEI. ValuEngine upgraded shares of Jumei International from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. BidaskClub cut shares of Jumei International from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 26th.

The company has a market cap of $380.36, a P/E ratio of 23.64 and a beta of 1.67.

Institutional investors have recently added to or reduced their stakes in the business. Hershey Trust Co. acquired a new position in Jumei International during the 4th quarter valued at about $158,000. Schf GPE LLC acquired a new position in Jumei International during the 4th quarter valued at about $246,000. Profund Advisors LLC increased its stake in Jumei International by 5.2% during the 2nd quarter. Profund Advisors LLC now owns 105,162 shares of the specialty retailer’s stock valued at $224,000 after buying an additional 5,155 shares during the period. Hamilton Lane Advisors LLC acquired a new position in Jumei International during the 4th quarter valued at about $497,000. Finally, BlackRock Inc. increased its stake in Jumei International by 6.1% during the 4th quarter. BlackRock Inc. now owns 1,389,988 shares of the specialty retailer’s stock valued at $4,059,000 after buying an additional 80,313 shares during the period. 25.40% of the stock is currently owned by hedge funds and other institutional investors.

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Jumei International Company Profile

Jumei International Holding Limited is an online retailer of beauty products. The Company’s sales formats consist of curated sales, online shopping mall and flash sales. The Company’s Jumei Global sales channel is part of its curated sales format. The Company’s curated sales format includes branded beauty products, baby, children and maternity products, light luxury products and health supplements.

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