Zacks: Secoo Holding Ltd – (NASDAQ:SECO) Receives Average Recommendation of “Strong Buy” from Analysts

Secoo Holding Ltd – (NASDAQ:SECO) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Analysts have set a 12 month consensus price objective of $8.80 for the company, according to Zacks. Zacks has also assigned Secoo an industry rank of 105 out of 255 based on the ratings given to its competitors.

Several research firms have recently commented on SECO. Zacks Investment Research raised shares of Secoo from a “strong sell” rating to a “hold” rating in a research report on Saturday, October 5th. Jefferies Financial Group set a $9.00 price target on shares of Secoo and gave the company a “buy” rating in a research report on Friday, August 30th. BidaskClub raised shares of Secoo from a “strong sell” rating to a “sell” rating in a research report on Saturday, November 23rd. Finally, TheStreet lowered shares of Secoo from a “c-” rating to a “d+” rating in a research report on Thursday, October 24th.

Shares of NASDAQ SECO traded down $0.22 during midday trading on Monday, hitting $6.05. 46,600 shares of the company’s stock traded hands, compared to its average volume of 89,143. Secoo has a 1 year low of $5.05 and a 1 year high of $11.37. The stock has a market capitalization of $315.02 million, a price-to-earnings ratio of 14.40 and a beta of 2.69. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.23 and a current ratio of 2.67. The firm has a fifty day moving average of $5.96 and a 200 day moving average of $7.04.

Secoo (NASDAQ:SECO) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.12 EPS for the quarter. Secoo had a net margin of 2.28% and a return on equity of 9.60%. The firm had revenue of $249.40 million during the quarter. On average, equities analysts anticipate that Secoo will post 0.51 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SECO. Wolverine Trading LLC bought a new position in shares of Secoo during the 2nd quarter valued at approximately $81,000. Anchor Capital Advisors LLC grew its stake in shares of Secoo by 8.7% during the 3rd quarter. Anchor Capital Advisors LLC now owns 30,450 shares of the company’s stock valued at $204,000 after acquiring an additional 2,430 shares during the period. Jefferies Group LLC grew its stake in shares of Secoo by 10.3% during the 2nd quarter. Jefferies Group LLC now owns 34,064 shares of the company’s stock valued at $259,000 after acquiring an additional 3,191 shares during the period. Verition Fund Management LLC grew its stake in shares of Secoo by 19.3% during the 2nd quarter. Verition Fund Management LLC now owns 92,919 shares of the company’s stock valued at $706,000 after acquiring an additional 15,000 shares during the period. Finally, FMR LLC bought a new position in shares of Secoo during the 1st quarter valued at approximately $2,905,000. 18.03% of the stock is owned by hedge funds and other institutional investors.

Secoo Company Profile

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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