Chindata Group (NASDAQ:CD) Trading Down 7.6%

Chindata Group Holdings Limited (NASDAQ:CD) dropped 7.6% on Thursday . The stock traded as low as $5.71 and last traded at $5.71. Approximately 30,005 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 1,417,625 shares. The stock had previously closed at $6.18.

CD has been the subject of several research analyst reports. Credit Suisse Group downgraded Chindata Group from an “outperform” rating to a “neutral” rating and set a $8.30 price objective for the company. in a research note on Monday, December 13th. Morgan Stanley cut Chindata Group from an “equal weight” rating to an “underweight” rating in a report on Friday, January 7th. Finally, Zacks Investment Research upgraded Chindata Group from a “hold” rating to a “buy” rating and set a $6.50 target price on the stock in a report on Wednesday, January 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $14.71.

The firm has a fifty day moving average price of $7.55 and a 200-day moving average price of $10.17. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 0.50. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 88.51 and a beta of 2.83.

Chindata Group (NASDAQ:CD) last posted its quarterly earnings data on Tuesday, November 23rd. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.25. Chindata Group had a return on equity of 2.03% and a net margin of 6.68%. During the same quarter in the previous year, the business earned ($0.08) EPS. Equities research analysts anticipate that Chindata Group Holdings Limited will post 0.04 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of CD. Swiss National Bank purchased a new position in shares of Chindata Group in the 2nd quarter worth $2,434,000. Sei Investments Co. raised its position in shares of Chindata Group by 32.3% in the 2nd quarter. Sei Investments Co. now owns 136,256 shares of the company’s stock worth $2,056,000 after buying an additional 33,228 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new position in shares of Chindata Group in the 2nd quarter worth $542,000. Citigroup Inc. raised its position in shares of Chindata Group by 1,261.5% in the 2nd quarter. Citigroup Inc. now owns 97,472 shares of the company’s stock worth $1,471,000 after buying an additional 90,313 shares during the period. Finally, Deutsche Bank AG purchased a new position in shares of Chindata Group in the 2nd quarter worth $1,973,000. 16.04% of the stock is currently owned by institutional investors and hedge funds.

Chindata Group Company Profile (NASDAQ:CD)

Chindata Group Holdings Limited provides carrier-neutral hyper scale data center solutions in China, India, and Southeast Asia. It offers artificial intelligence, cloud computing, smart cities and homes, online entertainment, and other on-demand services. The company also provides internet data center colocation and rental services; and technical and consulting services.

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