BidaskClub Downgrades Ruhnn (NASDAQ:RUHN) to Sell

Ruhnn (NASDAQ:RUHN) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Friday, BidAskClub reports.

Separately, ValuEngine raised shares of Ruhnn from a “hold” rating to a “buy” rating in a research report on Thursday, February 20th.

RUHN stock opened at $4.96 on Friday. Ruhnn has a 1 year low of $3.06 and a 1 year high of $12.14. The company has a fifty day simple moving average of $7.23 and a 200 day simple moving average of $6.86. The firm has a market cap of $405.30 million and a PE ratio of -27.55.

Ruhnn (NASDAQ:RUHN) last released its quarterly earnings data on Tuesday, March 3rd. The company reported $0.03 earnings per share (EPS) for the quarter. Ruhnn had a negative net margin of 7.29% and a negative return on equity of 9.32%. The business had revenue of $69.25 million during the quarter.

A number of institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. acquired a new position in Ruhnn during the 4th quarter worth $2,804,000. California Public Employees Retirement System acquired a new position in Ruhnn during the 4th quarter worth $562,000. Penserra Capital Management LLC acquired a new position in Ruhnn during the 4th quarter worth $340,000. Finally, Oxford Asset Management LLP acquired a new position in Ruhnn during the 4th quarter worth $153,000. 1.48% of the stock is owned by hedge funds and other institutional investors.

About Ruhnn

Ruhnn Holding Limited, together with its subsidiaries, operates key opinion leader (KOL) cultivation and incubation platforms in the People's Republic of China. The company engages in the sale of various fashion and lifestyle products to consumers through its KOL online stores; and provision of various KOL sales and advertising services to third-party merchants.

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