Kingsoft Cloud (NASDAQ:KC) Downgraded to "Sell" Rating by Wall Street Zen

Kingsoft Cloud (NASDAQ:KC - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Saturday.

Other equities analysts have also issued reports about the stock. Nomura raised shares of Kingsoft Cloud from a "neutral" rating to a "buy" rating and set a $18.30 price objective on the stock in a report on Monday, May 5th. Nomura Securities upgraded shares of Kingsoft Cloud from a "hold" rating to a "strong-buy" rating in a research note on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $11.33.

Kingsoft Cloud Trading Up 18.5%

Kingsoft Cloud stock traded up $2.35 during midday trading on Friday, reaching $15.06. The stock had a trading volume of 6,145,561 shares, compared to its average volume of 2,916,706. The firm has a market cap of $4.21 billion, a price-to-earnings ratio of -13.67 and a beta of 2.10. The company has a fifty day moving average of $12.70 and a 200 day moving average of $13.67. Kingsoft Cloud has a 52-week low of $2.02 and a 52-week high of $22.26. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.37.

Institutional Trading of Kingsoft Cloud

Large investors have recently bought and sold shares of the business. Man Group plc acquired a new position in Kingsoft Cloud in the 4th quarter valued at about $711,000. Quantbot Technologies LP acquired a new position in shares of Kingsoft Cloud in the 4th quarter worth approximately $226,000. Invesco Ltd. lifted its holdings in shares of Kingsoft Cloud by 8.4% in the 4th quarter. Invesco Ltd. now owns 62,855 shares of the company's stock worth $659,000 after acquiring an additional 4,878 shares during the last quarter. Two Sigma Advisers LP lifted its holdings in shares of Kingsoft Cloud by 13.8% in the 4th quarter. Two Sigma Advisers LP now owns 27,200 shares of the company's stock worth $285,000 after acquiring an additional 3,300 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Kingsoft Cloud by 4,098.3% in the 4th quarter. Millennium Management LLC now owns 895,004 shares of the company's stock worth $9,389,000 after acquiring an additional 873,686 shares during the last quarter. Hedge funds and other institutional investors own 13.40% of the company's stock.

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.