Gridsum (GSUM) Raised to C- at TheStreet

TheStreet upgraded shares of Gridsum (NASDAQ:GSUM) from a d+ rating to a c- rating in a research note issued to investors on Thursday.

Gridsum (NASDAQ GSUM) opened at $11.78 on Thursday. The company has a market capitalization of $361.69 and a price-to-earnings ratio of -9.28. Gridsum has a 12 month low of $6.76 and a 12 month high of $13.94.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Quentec Asset Management LLC raised its stake in shares of Gridsum by 12.6% in the third quarter. Quentec Asset Management LLC now owns 1,145,268 shares of the technology company’s stock valued at $11,797,000 after purchasing an additional 127,926 shares in the last quarter. State Street Corp acquired a new position in shares of Gridsum in the second quarter valued at $112,000. Stifel Financial Corp acquired a new position in shares of Gridsum in the second quarter valued at $226,000. FIL Ltd acquired a new position in shares of Gridsum in the second quarter valued at $7,668,000. Finally, Northern Trust Corp acquired a new position in shares of Gridsum in the second quarter valued at $106,000. Institutional investors and hedge funds own 35.68% of the company’s stock.

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Gridsum Company Profile

Gridsum Holding Inc is a holding company. The Company provides data analysis software for multinational and domestic enterprises, and government agencies in China. The Company’s technology, the Gridsum Big Data Platform performs multi-dimensional correlation analysis and analyzes real-time events. The Company offers various types of solutions and technologies.

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