Kingsoft Cloud (NASDAQ:KC) Shares Down 4% - Should You Sell?

Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC - Get Free Report)'s stock price dropped 4% during mid-day trading on Wednesday . The company traded as low as $11.68 and last traded at $11.84. Approximately 278,154 shares were traded during trading, a decline of 91% from the average daily volume of 3,197,183 shares. The stock had previously closed at $12.33.

Analysts Set New Price Targets

A number of research analysts have issued reports on KC shares. Nomura Securities raised shares of Kingsoft Cloud from a "hold" rating to a "strong-buy" rating in a research report on Monday, May 5th. Nomura raised shares of Kingsoft Cloud from a "neutral" rating to a "buy" rating and set a $18.30 target price on the stock in a research note on Monday, May 5th.

Kingsoft Cloud Trading Up 1.8%

The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.37. The company has a market cap of $3.37 billion, a PE ratio of -10.95 and a beta of 2.10. The stock has a 50 day moving average price of $12.92 and a 200 day moving average price of $13.49.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Compagnie Lombard Odier SCmA bought a new stake in Kingsoft Cloud in the first quarter worth $65,000. Bayforest Capital Ltd purchased a new position in shares of Kingsoft Cloud in the 1st quarter worth about $78,000. Atlas Capital Advisors Inc. purchased a new position in shares of Kingsoft Cloud in the 1st quarter worth about $104,000. Marshall Wace LLP bought a new position in Kingsoft Cloud in the 4th quarter worth about $119,000. Finally, Vise Technologies Inc. purchased a new stake in Kingsoft Cloud during the 4th quarter valued at about $125,000. 13.40% of the stock is owned by hedge funds and other institutional investors.

Kingsoft Cloud Company Profile

Kingsoft Cloud Holdings Limited provides cloud services to businesses and organizations primarily in China. The company's products portfolio includes cloud products, including infrastructure as a service (IaaS) infrastructure, platform as a service (PaaS) middleware, and software as a service (SaaS) applications that primarily consist of cloud computing, network, database, big data, security, storage, and delivery solutions.