Chindata Group Holdings Limited (NASDAQ:CD – Get Free Report)’s share price rose 13.8% during trading on Wednesday. The stock traded as high as $6.76 and last traded at $6.51. 48,982 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 217,882 shares. The stock had previously closed at $5.72.
Analyst Ratings Changes
A number of brokerages have issued reports on CD. Wall Street Zen upgraded shares of Chindata Group from a “sell” rating to a “hold” rating in a research note on Saturday, October 3rd. Weiss Ratings downgraded Chindata Group from a “sell (d)” rating to a “sell (e+)” rating in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the stock presently has a consensus rating of “Sell”.
Get Our Latest Stock Report on CD
Chindata Group Price Performance
The stock has a market cap of $732.60 million, a PE ratio of -222.00 and a beta of 5.15. The company’s fifty day moving average is $5.77 and its 200-day moving average is $5.18.
Chindata Group (NASDAQ:CD – Get Free Report) last announced its quarterly earnings results on Friday, August 14th. The company reported ($0.01) earnings per share for the quarter. The business had revenue of $0.46 million during the quarter.
Institutional Investors Weigh In On Chindata Group
An institutional investor recently raised its position in Chindata Group stock. Bank of America Corp DE boosted its holdings in shares of Chindata Group Holdings Limited (NASDAQ:CD – Free Report) by 11.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,834 shares of the company’s stock after acquiring an additional 3,792 shares during the period. Bank of America Corp DE’s holdings in Chindata Group were worth $143,000 at the end of the most recent reporting period. 30.82% of the stock is currently owned by institutional investors and hedge funds.
Chindata Group Company Profile
Chindata Group Holdings Limited was a data center operator and infrastructure services provider focused on hyperscale computing facilities in emerging Asian markets. The company developed, owned and operated data centers designed to support cloud service providers, internet companies, telecommunications firms and other enterprise customers.
Its services included data center design, construction and operation; colocation and managed infrastructure; cloud and network services; and related information technology infrastructure solutions.
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