Kingsoft Cloud Holdings Limited Sponsored ADR (NASDAQ:KC - Get Free Report)'s stock price 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 Upgrades and Downgrades
A number of equities research analysts have recently issued reports on KC shares. Nomura Securities raised shares of Kingsoft Cloud from a "hold" rating to a "strong-buy" rating in a report on Monday, May 5th. Nomura raised shares of Kingsoft Cloud from a "neutral" rating to a "buy" rating and set a $18.30 price target on the stock in a report on Monday, May 5th. Finally, Wall Street Zen downgraded shares of Kingsoft Cloud from a "hold" rating to a "sell" rating in a report on Saturday, July 12th. One analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $11.33.
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Kingsoft Cloud Price Performance
The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.37. The stock has a market cap of $4.45 billion, a P/E ratio of -14.46 and a beta of 2.10. The firm's fifty day moving average price is $12.76 and its 200-day moving average price is $13.77.
Institutional Trading of Kingsoft Cloud
Several large investors have recently added to or reduced their stakes in KC. Farther Finance Advisors LLC purchased a new position in Kingsoft Cloud during the second quarter valued at $100,000. Bayforest Capital Ltd purchased a new position in shares of Kingsoft Cloud in the 1st quarter worth about $78,000. Goldman Sachs Group Inc. raised its position in shares of Kingsoft Cloud by 9.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 133,634 shares of the company's stock worth $1,919,000 after purchasing an additional 11,720 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Kingsoft Cloud by 0.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 332,906 shares of the company's stock worth $4,781,000 after purchasing an additional 1,710 shares during the last quarter. Finally, OLD Mission Capital LLC purchased a new position in shares of Kingsoft Cloud in the 1st quarter worth about $3,034,000. Institutional investors own 13.40% of the company's stock.
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.
Further Reading
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