CLSA Reports Rating Change From “Buy” On Vipshop (VIPS).

May 16, 2018 - By Darrell Taylor

CLSA Downgraded Vipshop (VIPS)’s Stock Rating to “Underperform”.

CLSA changed on Tuesday, 15 May the rating of Vipshop (VIPS). The broker decreased VIPS’s stock rating from “Buy” to “Underperform”.

VIPS hit $12.54 during the last trading session after $0.46 change.Vipshop Holdings Limited has 19.81 million shares volume, 113.30% up from normal. VIPS is uptrending and has moved 21.34% since May 16, 2017. VIPS outperformed by 9.79% the S&P500.

Vipshop Holdings Limited operates as an online discount retailer for various brands in the People's Republic of China.The company has $8.26 billion market cap. It operates in two divisions, Vip.com and Internet Finance Business.The P/E ratio is 24.83. The firm offers women's apparel, such as casual wear, jeans, dresses, outerwear, swimsuits, lingerie, pajamas, and maternity clothes; men's apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; women and men shoes for casual and formal occasions; and accessories that include belts, jewelry, watches, and glasses for women and men.

For more Vipshop Holdings Limited (NYSE:VIPS) news posted briefly go to: Benzinga.com, Streetinsider.com, Foxbusiness.com, Nasdaq.com or Fool.com. The titles are as follows: “KeyBanc Highlights Tencent And JD Concerns In Vipshop Downgrade” posted on May 16, 2018, “After-Hours Stock Movers 05/14: (PFNX) (MIME) (LPTH) Higher; (VIPS) (HAIR) (MYE) Lower (more…)” on May 14, 2018, “Why Vipshop Holdings Ltd – ADR Got Slammed Tuesday” with a publish date: May 16, 2018, “Mid-Afternoon Market Update: Netshoes Drops Following Q1 Results; Red Violet Shares Surge” and the last “Why Switch, Vipshop Holdings, and Agilent Technologies Slumped Today” with publication date: May 15, 2018.

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