Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $15.09, but opened at $14.30. Kingsoft Cloud shares last traded at $14.08, with a volume of 1,124,298 shares traded.
Analyst Ratings Changes
KC has been the subject of a number of recent research reports. Wall Street Zen downgraded Kingsoft Cloud from a "hold" rating to a "sell" rating in a research report on Saturday, July 12th. Nomura Securities raised Kingsoft Cloud from a "hold" rating to a "strong-buy" rating in a research note on Monday, May 5th. Finally, Nomura raised Kingsoft Cloud from a "neutral" rating to a "buy" rating and set a $18.30 price target on the stock in a research note on Monday, May 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $11.33.
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Kingsoft Cloud Trading Up 7.3%
The firm has a market capitalization of $4.45 billion, a price-to-earnings ratio of -14.45 and a beta of 2.10. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.73. The firm's 50-day simple moving average is $12.71 and its 200 day simple moving average is $13.71.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC bought a new stake in shares of Kingsoft Cloud during the second quarter worth $100,000. Bayforest Capital Ltd bought a new stake in shares of Kingsoft Cloud during the first quarter worth $78,000. Goldman Sachs Group Inc. grew its stake in shares of Kingsoft Cloud by 9.6% during the first quarter. Goldman Sachs Group Inc. now owns 133,634 shares of the company's stock worth $1,919,000 after buying an additional 11,720 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Kingsoft Cloud by 0.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 332,906 shares of the company's stock worth $4,781,000 after buying an additional 1,710 shares during the last quarter. Finally, OLD Mission Capital LLC bought a new stake in shares of Kingsoft Cloud during the first quarter worth $3,034,000. 13.40% of the stock is currently owned by institutional investors and hedge funds.
About Kingsoft Cloud
(
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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.
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