Shares of Vipshop Holdings Limited American Depositary Shares each representing two (NYSE:VIPS) traded at a new 52-week high today of $40.42. Approximately 1.7 million shares have changed hands today, as compared to an average 30-day volume of 8.4 million shares.
In the past 52 weeks, shares of Vipshop Holdings Limited American Depositary Shares each representing two have traded between a low of $12.60 and a high of $40.42 and is now at $39.45, which is 213% above that low price.
Potential upside of 5.3% exists for Vipshop Holdings Limited American Depositary Shares each representing two, based on a current level of $39.45 and analysts’ average consensus price target of $41.53.
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.
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