Vipshop Holdings Ltd – (NYSE:VIPS) shares saw unusually-strong trading volume on Monday . Approximately 80,105,337 shares changed hands during trading, an increase of 1,053% from the previous session’s volume of 6,947,952 shares.The stock last traded at $11.75 and had previously closed at $8.44.
Several analysts have recently commented on VIPS shares. KeyCorp set a $13.00 target price on Vipshop and gave the company a “buy” rating in a research note on Thursday, October 19th. Zacks Investment Research upgraded Vipshop from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Wednesday, August 23rd. Daiwa Capital Markets upgraded Vipshop from a “hold” rating to a “buy” rating in a research note on Monday. BidaskClub upgraded Vipshop from a “sell” rating to a “hold” rating in a research note on Monday, September 18th. Finally, UBS started coverage on Vipshop in a research note on Monday, October 30th. They issued a “neutral” rating and a $9.00 target price for the company. Four analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $12.95.
The company has a current ratio of 1.05, a quick ratio of 0.74 and a debt-to-equity ratio of 0.54. The company has a market cap of $4,980.36, a P/E ratio of 14.81 and a beta of 2.10.
Vipshop Holdings Limited is a holding company. The Company is an online discount retailer for brands in China. The Company offers branded products to consumers in China through flash sales mainly on its vip.com Website. The Company’s segment is sales, product distribution and offering of goods on its online platforms.
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