Secoo Holding Ltd -‘s Lock-Up Period To End on March 21st (NASDAQ:SECO)

Secoo’s (NASDAQ:SECO) lock-up period will expire on Wednesday, March 21st. Secoo had issued 8,500,000 shares in its public offering on September 22nd. The total size of the offering was $110,500,000 based on an initial share price of $13.00. After the expiration of Secoo’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

A number of equities research analysts recently weighed in on the stock. BidaskClub cut shares of Secoo from a “buy” rating to a “hold” rating in a research report on Saturday. ValuEngine cut shares of Secoo from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. Finally, Zacks Investment Research raised shares of Secoo from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research report on Wednesday, January 10th.

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Secoo (SECO) opened at $11.19 on Wednesday. The company has a quick ratio of 1.22, a current ratio of 2.33 and a debt-to-equity ratio of 0.01. Secoo has a one year low of $6.61 and a one year high of $14.75.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Alyeska Investment Group L.P. acquired a new position in Secoo in the third quarter valued at $295,000. Maso Capital Partners Ltd acquired a new position in Secoo in the third quarter valued at $445,000. Finally, KADENSA CAPITAL Ltd acquired a new position in Secoo in the fourth quarter valued at $2,898,000. Institutional investors own 24.22% of the company’s stock.

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About Secoo

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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