Ruhnn (NASDAQ:RUHN) Stock Rating Lowered by BidaskClub

BidaskClub lowered shares of Ruhnn (NASDAQ:RUHN) from a hold rating to a sell rating in a research report report published on Tuesday morning, BidAskClub reports.

Separately, ValuEngine cut Ruhnn from a buy rating to a hold rating in a report on Tuesday, November 19th.

Shares of RUHN opened at $8.26 on Tuesday. Ruhnn has a 12-month low of $3.06 and a 12-month high of $12.14. The business has a 50-day simple moving average of $8.10 and a two-hundred day simple moving average of $6.29.

Ruhnn (NASDAQ:RUHN) last issued its earnings results on Tuesday, November 26th. The company reported ($0.07) earnings per share (EPS) for the quarter. The business had revenue of $38.16 million during the quarter.

A number of institutional investors and hedge funds have recently modified their holdings of RUHN. California Public Employees Retirement System acquired a new position in Ruhnn in the 4th quarter worth about $562,000. Oxford Asset Management LLP acquired a new position in Ruhnn in the 4th quarter worth about $153,000. Penserra Capital Management LLC acquired a new position in Ruhnn in the 4th quarter worth about $340,000. Finally, Goldman Sachs Group Inc. acquired a new position in Ruhnn in the 4th quarter worth about $2,804,000. 0.41% of the stock is owned by institutional investors and hedge funds.

Ruhnn Company Profile

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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