Secoo (NASDAQ:SECO) Stock Rating Upgraded by BidaskClub

Secoo (NASDAQ:SECO) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Tuesday, BidAskClub reports.

Several other brokerages have also issued reports on SECO. TheStreet lowered Secoo from a “c-” rating to a “d+” rating in a research note on Thursday, October 24th. Zacks Investment Research upgraded Secoo from a “strong sell” rating to a “hold” rating in a research note on Saturday, October 5th.

SECO stock traded up $0.03 during trading hours on Tuesday, hitting $7.01. 276 shares of the stock were exchanged, compared to its average volume of 55,640. Secoo has a 12 month low of $5.05 and a 12 month high of $10.52. The company has a current ratio of 2.74, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $357.72 million, a P/E ratio of 16.40 and a beta of 2.63. The company has a 50-day simple moving average of $6.10 and a two-hundred day simple moving average of $6.67.

Secoo (NASDAQ:SECO) last released its earnings results on Thursday, December 5th. The company reported $0.16 EPS for the quarter. The firm had revenue of $271.64 million for the quarter. Secoo had a net margin of 2.40% and a return on equity of 10.38%.

Institutional investors have recently added to or reduced their stakes in the business. Wolverine Trading LLC bought a new stake in Secoo in the second quarter worth approximately $81,000. Anchor Capital Advisors LLC boosted its stake in Secoo by 8.7% during the third quarter. Anchor Capital Advisors LLC now owns 30,450 shares of the company’s stock worth $204,000 after acquiring an additional 2,430 shares in the last quarter. Jefferies Group LLC grew its holdings in Secoo by 10.3% in the second quarter. Jefferies Group LLC now owns 34,064 shares of the company’s stock worth $259,000 after purchasing an additional 3,191 shares during the period. Verition Fund Management LLC raised its holdings in shares of Secoo by 19.3% during the second quarter. Verition Fund Management LLC now owns 92,919 shares of the company’s stock valued at $706,000 after purchasing an additional 15,000 shares during the period. Finally, FMR LLC acquired a new position in shares of Secoo during the first quarter valued at about $2,905,000. Hedge funds and other institutional investors own 18.03% of the company’s stock.

About Secoo

Secoo Holding Limited, through its subsidiaries, operates an integrated online and offline shopping platform in Mainland China, Hong Kong, and other countries. 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, 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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