Secoo (SECO) Rating Lowered to Hold at Zacks Investment Research

Secoo (NASDAQ:SECO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

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. “

SECO has been the subject of a number of other research reports. Jefferies Group started coverage on shares of Secoo in a research note on Tuesday, October 17th. They issued a “buy” rating and a $18.00 price objective for the company. ValuEngine downgraded shares of Secoo from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 30th.

Shares of Secoo (NASDAQ SECO) traded up $0.11 during trading hours on Tuesday, reaching $9.91. 97,500 shares of the company were exchanged, compared to its average volume of 113,971. Secoo has a 52 week low of $6.61 and a 52 week high of $12.70. The company has a quick ratio of 1.22, a current ratio of 2.33 and a debt-to-equity ratio of 0.01.

A hedge fund recently bought a new stake in Secoo stock. Alyeska Investment Group L.P. purchased a new position in shares of Secoo Holding Ltd – (NASDAQ:SECO) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 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 quarter. 24.83% of the stock is currently owned by institutional investors and hedge funds.

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About Secoo

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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