Secoo (SECO) Raised to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Secoo (NASDAQ:SECO) from a hold rating to a buy rating in a research report report published on Wednesday, December 20th. Zacks Investment Research currently has $11.00 target price on the stock.

According to Zacks, “Secoo Holding Limited provides e commerce services. The Company offers retail sale of bags, watch, jewelry, clothing, footwear, accessories, skin care products, oral care, perfume and outdoor sports goods, as well as house decor, cleaning supplies, home appliances, kitchen equipment and computer peripherals. Secoo Holding Limited is based in Beijing, China. “

Several other research firms also recently weighed in on SECO. Jefferies Group started coverage on Secoo in a report on Tuesday, October 17th. They set a buy rating and a $18.00 price objective on the stock. ValuEngine downgraded Secoo from a strong-buy rating to a buy rating in a report on Thursday, November 30th.

Secoo (NASDAQ SECO) traded up $0.67 during midday trading on Wednesday, hitting $10.74. The company had a trading volume of 848,977 shares, compared to its average volume of 589,415. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.22 and a current ratio of 2.33. Secoo has a 12 month low of $6.61 and a 12 month high of $14.75.

An institutional investor recently bought a new position in Secoo stock. Alyeska Investment Group L.P. bought a new stake in Secoo Holding Ltd – (NASDAQ:SECO) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 33,175 shares of the company’s stock, valued at approximately $295,000. Alyeska Investment Group L.P. owned approximately 0.26% of Secoo at the end of the most recent reporting period. 24.83% of the stock is currently owned by institutional investors.

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Secoo Company Profile

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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