Secoo Holding Ltd – (SECO) Receives Consensus Recommendation of “Strong Buy” from Brokerages

Secoo Holding Ltd – (NASDAQ:SECO) has received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Brokers have set a 12-month consensus target price of $18.00 for the company and are forecasting that the company will post $0.10 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Secoo an industry rank of 73 out of 265 based on the ratings given to related companies.

Several research firms recently weighed in on SECO. Zacks Investment Research upgraded Secoo from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Wednesday, December 20th. ValuEngine lowered Secoo from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 30th. Finally, Jefferies Group began coverage on Secoo in a research report on Tuesday, October 17th. They set a “buy” rating and a $18.00 price target on the stock.

An institutional investor recently bought a new position in Secoo stock. Alyeska Investment Group L.P. purchased a new stake in shares of Secoo Holding Ltd – (NASDAQ:SECO) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 33,175 shares of the company’s stock, valued at approximately $295,000. Alyeska Investment Group L.P. owned approximately 0.26% of Secoo as of its most recent SEC filing. Hedge funds and other institutional investors own 24.83% of the company’s stock.

Secoo (SECO) traded down $0.13 during midday trading on Tuesday, hitting $9.80. The company had a trading volume of 152,083 shares, compared to its average volume of 116,717. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.22 and a current ratio of 2.33. Secoo has a one year low of $6.61 and a one year high of $12.70.

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Secoo Company Profile

Secoo Holding Limited is an online integrated platform company. The Company offers an integrated online and offline shopping platform, which consists of its Secoo.com Website, mobile applications and offline experience centers. The Company offers a range of products including watches, bags, clothing, footwear, jewelry, accessories, menswear, children’s wear, sportswear, cosmetics and skin care, automobile, home goods, lifestyle services, lifestyle services and high-end Chinese original products.

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