Shares of Jumei International Holding Ltd(ADR) (NYSE:JMEI) are up so far today, after seeing a less than spectactual performace last week. With the Chinese market faultering last week, JMEI also took a hit.
Goldman Sachs dropped its price target of Jumei International Holding Ltd to $10.00 on Monday. At the same time the investment analysts at Goldman Sachs establed a potential upside price point 21.8% over the current price.
The stock is up 11.69% or $0.96 after the news, hitting $9.17 per share. About 3.69M shares traded hands or 57.02% up from the average. JMEI has declined 62.70% since April 27, 2015 and is downtrending. It has underperformed by 61.81% the S&P500.
Jumei International Holding Limited is an online retailer of beauty products. The company has a market cap of $1.18 billion. The Firm has two complementary sales formats on its Internet platform for beauty products: curated sales and online shopping mall through which it sells beauty products directly to customers. It has 19.2 P/E ratio. As part of curated sales, its Jumei Global offers Chinese clients access to beauty products sourced directly from overseas and allows its clients to make payments in Renminbi.