Today’s Price Action: Can Jumei International Holding Ltd(ADR)’s Tomorrow be Different? The Stock Declines Again

Today's Price Action: Can Jumei International Holding Ltd(ADR)'s Tomorrow be Different? The Stock Declines Again

The stock of Jumei International Holding Ltd(ADR) (NYSE:JMEI) is a huge mover today! About 642,049 shares traded hands. Jumei International Holding Ltd(ADR) (NYSE:JMEI) has declined 3.66% since March 7, 2016 and is downtrending. It has underperformed by 11.25% the S&P500.
The move comes after 8 months negative chart setup for the $866.72M company. It was reported on Oct, 10 by Barchart.com. We have $5.58 PT which if reached, will make NYSE:JMEI worth $52.00M less.

Jumei International Holding Ltd(ADR) (NYSE:JMEI) Ratings Coverage

Out of 7 analysts covering Jumei International (NYSE:JMEI), 2 rate it a “Buy”, 3 “Sell”, while 2 “Hold”. This means 29% are positive. Jumei International has been the topic of 8 analyst reports since August 25, 2015 according to StockzIntelligence Inc. On Monday, November 2 the stock rating was downgraded by Goldman Sachs to “Neutral”. Morgan Stanley downgraded Jumei International Holding Ltd(ADR) (NYSE:JMEI) rating on Wednesday, April 6. Morgan Stanley has “Underweight” rating and $7 price target. The firm has “Underperform” rating by CLSA given on Monday, November 23. As per Monday, November 23, the company rating was downgraded by Credit Agricole. Credit Suisse upgraded Jumei International Holding Ltd(ADR) (NYSE:JMEI) on Tuesday, August 25 to “Neutral” rating.

According to Zacks Investment Research, “Jumei International Holding Ltd. operates as an online retailer of beauty products. The Company’s product category includes cosmetics, skin care, cosmetics applicators, fragrance, body care, for men and for baby and children. It also offers women’s wear, footwear, lingerie, handbags and luggage, baby, children and maternity, menswear, sportswear and sporting goods, accessories, home goods and other lifestyle products, luxury goods and miscellaneous. The company sells its products through its Website Jumei.com, as well as through its mobile application. Jumei International Holding Limited is headquartered in Beijing, China.”

More important recent Jumei International Holding Ltd(ADR) (NYSE:JMEI) news were published by: Marketwatch.com which released: “Jumei International Holding Ltd. ADR” on May 15, 2014, also Fool.com published article titled: “Jumei International Holding Ltd (ADR) Stock Down 11%: Here’s Why”, Quotes.Wsj.com published: “DOW JONES, A NEWS CORP COMPANY” on May 12, 2014. More interesting news about Jumei International Holding Ltd(ADR) (NYSE:JMEI) was released by: Globenewswire.com and their article: “Deadline in Lawsuit for Investors in Jumei International Holding Ltd (ADR …” with publication date: December 15, 2014.

JMEI Company Profile

Jumei International Holding Limited, incorporated on August 1, 2010, 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. The Company’s online shopping mall format includes branded beauty products. The Company’s flash sales format includes branded apparel and other lifestyle products. The Company’s Jumei Global offers Chinese clients convenient access to products sourced directly from overseas and allows its clients to make payments in Renminbi. Jumei Global offers branded beauty products, baby, children and maternity products, light luxury products and health supplements from South Korea, Japan, Taiwan, the United States and European countries. In addition to curated sales, the Company offers a range of branded beauty products through its online shopping mall on a long-term basis.

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