On Tuesday NASDAQ: SECO slightly fell 4.44% to $2.15. The daily trading volume became double of the average daily 130,828 shares. Despite the largest holdings had good financial stability for long term SECO is slowly plummeting.
Q4 2019 financial results have shown growth in some key factors that could boost Secoo Holding’s operations. Q1 2020 is about to be released which could result in positive revenue changes since online retailers faced significant growth in sales during the pandemic.
Financial Results for the fourth quarter ended in December 2019
Revenue has significantly soared quarterly by almost $100 million while its cost increased to $1,744,491. Therefore, gross profit could not have a positive change. Moreover, operating expenses became greater than the previous quarterly. Thus, earnings got shrunk by taxes and interest expenses.
Secoo Holding is valued in the market by $108.025 million while its total capitalization reached $2,839,861.
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Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life