Shares of Vipshop Holdings Limited American Depositary Shares each representing two (NYSE:VIPS) traded today at $44.88, eclipsing its 52-week high. This new high was reached on below average trading volume as 1.9 million shares traded hands, while the average 30-day volume is approximately 8.6 million shares.
In the past 52 weeks, Vipshop Holdings Limited American Depositary Shares each representing two share prices are bracketed by a low of $12.60 and a high of $44.88 and is now at $44.80, 256% above that low price.
Vipshop Holdings Ltd is an online discount retailer for brands in China. The company offers branded products to consumers in China through flash sales on its vipshop.com, vip.com and lefeng.com websites. Flash sales represent an online retail format combining the advantages of e-commerce and discount sales through selling a finite quantity of discounted products or services online for a limited period of time. It deals in wide range of products and services for consumers specializing in branded cosmetics, apparel, healthcare products, food and other consumer products. Vipshop derives most of the revenues from the sale of products offered on the websites.
There is potential upside of 3.8% for shares of Vipshop Holdings Limited American Depositary Shares each representing two based on a current price of $44.80 and an average consensus analyst price target of $46.51.
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