Chindata Group (NASDAQ:CD - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday.
Separately, Weiss Ratings restated a "sell (d)" rating on shares of Chindata Group in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of "Sell".
Get Our Latest Stock Report on Chindata Group
Chindata Group Stock Performance
Chindata Group stock opened at $3.26 on Friday. The business's 50-day simple moving average is $3.53 and its two-hundred day simple moving average is $4.86. The company has a market cap of $258.97 million, a PE ratio of -108.67 and a beta of 5.19. Chindata Group has a fifty-two week low of $2.10 and a fifty-two week high of $36.77.
Institutional Investors Weigh In On Chindata Group
Several hedge funds have recently bought and sold shares of CD. Bank of America Corp DE increased its holdings in shares of Chindata Group by 11.8% during the 1st quarter. Bank of America Corp DE now owns 35,834 shares of the company's stock valued at $143,000 after purchasing an additional 3,792 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Chindata Group by 8.7% in the 1st quarter. Bank of New York Mellon Corp now owns 87,907 shares of the company's stock valued at $350,000 after purchasing an additional 7,060 shares during the period. Invesco Ltd. purchased a new stake in Chindata Group during the fourth quarter worth $354,000. Price T Rowe Associates Inc. MD purchased a new stake in Chindata Group during the fourth quarter worth $92,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Chindata Group during the fourth quarter valued at $27,000. Hedge funds and other institutional investors own 30.82% of the company's stock.
Chindata Group Company Profile
(
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Chindata Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Chindata Group wasn't on the list.
While Chindata Group currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Robotics and automation are rapidly becoming essential infrastructure across healthcare, manufacturing, logistics, and many other industries. "Physical AI" is coming. Learn which seven companies are most positioned to benefit as intelligent robots enter the workforce.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
