Chindata Group (NASDAQ:CD) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Chindata Group (NASDAQ:CD – Free Report) from a sell rating to a hold rating in a report released on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Chindata Group in a research note on Monday, September 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

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Chindata Group Stock Performance

Shares of CD opened at $7.51 on Friday. Chindata Group has a fifty-two week low of $2.10 and a fifty-two week high of $36.77. The firm has a 50-day simple moving average of $3.80 and a 200-day simple moving average of $4.70. The company has a market capitalization of $826.10 million, a price-to-earnings ratio of -250.33 and a beta of 5.06.

Chindata Group (NASDAQ:CD – Get Free Report) last issued its quarterly earnings results on Friday, August 14th. The company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $0.46 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Chindata Group stock. Bank of America Corp DE increased its position in shares of Chindata Group Holdings Limited (NASDAQ:CD – Free Report) by 11.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,834 shares of the company’s stock after purchasing an additional 3,792 shares during the period. Bank of America Corp DE’s holdings in Chindata Group were worth $143,000 as of its most recent SEC filing. 30.82% of the stock is currently owned by institutional investors.

Chindata Group Company Profile

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Chindata Group Holdings Limited was a data center solution provider focused on serving cloud service providers, internet companies and other enterprise customers in emerging markets across the Asia-Pacific region. The company developed and operated hyperscale data center campuses and provided supporting infrastructure for customers with large-scale computing and storage requirements.

Its services included data center planning, design, construction and operation, as well as facilities management, network connectivity and related information technology infrastructure services.

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