Wall Street Zen Downgrades Chindata Group (NASDAQ:CD) to Sell

Chindata Group (NASDAQ:CD – Get Free Report) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Chindata Group in a report on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

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Chindata Group Stock Performance

NASDAQ:CD opened at $3.26 on Friday. The firm has a market capitalization of $258.99 million, a PE ratio of -108.67 and a beta of 5.19. Chindata Group has a 1 year low of $2.10 and a 1 year high of $36.77. The firm’s fifty day simple moving average is $3.53 and its 200 day simple moving average is $4.85.

Institutional Investors Weigh In On Chindata Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio bought a new position in Chindata Group during the fourth quarter worth $27,000. Police & Firemen s Retirement System of New Jersey bought a new stake in Chindata Group in the 4th quarter valued at $45,000. New York State Common Retirement Fund bought a new stake in Chindata Group in the 4th quarter valued at $51,000. The Manufacturers Life Insurance Company bought a new stake in Chindata Group in the 4th quarter valued at $57,000. Finally, MetLife Investment Management LLC acquired a new stake in Chindata Group in the 4th quarter worth $76,000. Institutional investors and hedge funds own 30.82% of the company’s stock.

About Chindata Group

(Get Free Report)

Chindata Group Holdings Limited provides carrier-neutral hyperscale data center solutions in Mainland 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. Its integrated data center solutions include infrastructure, power supply, connectivity and operation and maintenance, and tailor-made to their scale and requirements throughout the planning, design, construction, and operation process.

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