NEW YORK (TheStreet) -- Shares of Jumei International (JMEI) - Get Jumei International Holding Ltd Sponsored ADR Class A Report are higher by 3.46% to $5.68 in midday trading on Tuesday afternoon, as some U.S. traded China-based stocks get a boost from the rally in China's market.
China's stocks jumped the most in three months, with technology and industrial companies leading the pack, following data that showed the country's banks issued a record number of loans in January, Bloomberg reports.
The Shanghai Composite index climbed by 3.3% to close at 2,836.57. Lending of the new yuan spiked to 2.5 trillion, or $390 billion last month, topping estimates. The Hang Seng China Enterprises popped by 2.1%, stretching a two day gain to 7%, the most since September.
Jumei International is a Beijing-based online beauty products retailer.
China's policy makers are expected to release a package of measures intended to ensure the country's economy grows within a reasonable range this year, Bloomberg added.
Separately, TheStreet Ratings has set a "sell" rating and a score of D on Jumei International stock. This is driven by some concerns, which TheStreet Ratings believes should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks it covers.
The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, poor profit margins and generally disappointing historical performance in the stock itself.
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: JMEI