Jumei International (JMEI) Shares Gap Up to $3.03

Jumei International Holding Ltd (NYSE:JMEI)’s share price gapped up before the market opened on Monday . The stock had previously closed at $2.92, but opened at $3.03. Jumei International shares last traded at $3.17, with a volume of 2378477 shares changing hands.

Several equities analysts have recently commented on the company. ValuEngine upgraded Jumei International from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. BidaskClub cut Jumei International from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 26th.

An institutional investor recently raised its position in Jumei International stock. Profund Advisors LLC grew its holdings in shares of Jumei International Holding Ltd (NYSE:JMEI) by 5.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 105,162 shares of the specialty retailer’s stock after buying an additional 5,155 shares during the quarter. Profund Advisors LLC owned 0.12% of Jumei International worth $224,000 as of its most recent SEC filing. Institutional investors own 25.50% of the company’s stock.

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Jumei International Company Profile

Jumei International Holding Limited 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.

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