Jumei International (NYSE:JMEI) Lowered to “Strong Sell” at ValuEngine

ValuEngine downgraded shares of Jumei International (NYSE:JMEI) from a sell rating to a strong sell rating in a research report report published on Thursday morning, ValuEngine reports.

Shares of NYSE:JMEI traded up $0.02 during trading on Thursday, reaching $2.14. 164,054 shares of the company traded hands, compared to its average volume of 265,731. The business’s 50 day moving average price is $2.43. Jumei International has a 52 week low of $1.44 and a 52 week high of $2.80.

Large investors have recently added to or reduced their stakes in the company. Virginia Retirement Systems ET AL bought a new stake in shares of Jumei International during the 2nd quarter valued at $28,000. Penserra Capital Management LLC bought a new stake in shares of Jumei International during the 1st quarter valued at $28,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of Jumei International during the 1st quarter valued at $40,000. Two Sigma Advisers LP bought a new stake in shares of Jumei International during the 4th quarter valued at $70,000. Finally, Two Sigma Investments LP bought a new stake in shares of Jumei International during the 4th quarter valued at $107,000. Hedge funds and other institutional investors own 6.80% of the company’s stock.

About Jumei International

Jumei International Holding Limited operates as an online retailer of beauty products in the People's Republic of China. The company offers beauty products, such as cosmetics, skin care, cosmetic applicators, fragrance, and body care products; and beauty products for men, and baby and children. It also provides apparel and other lifestyle products, including women's wear, footwear, lingerie, handbags and luggage, men's wear, sportswear and sporting goods, accessories, home goods, and other lifestyle products, as well as baby, children, and maternity products; and snacks, cereals, and health supplements.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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