Chindata Group (NASDAQ:CD) Stock Price Up 5.4%

Chindata Group Holdings Limited (NASDAQ:CD) rose 5.4% during trading on Friday . The company traded as high as $16.95 and last traded at $16.92. Approximately 11,454 shares traded hands during trading, a decline of 99% from the average daily volume of 1,284,341 shares. The stock had previously closed at $16.05.

CD has been the subject of a number of research reports. DBS Vickers initiated coverage on Chindata Group in a research report on Friday, March 26th. They set a “buy” rating for the company. Zacks Investment Research lowered Chindata Group from a “hold” rating to a “sell” rating in a report on Friday, May 7th. Finally, Jefferies Financial Group began coverage on Chindata Group in a report on Monday, March 15th. They set a “buy” rating and a $26.04 price target for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. Chindata Group currently has a consensus rating of “Buy” and a consensus target price of $20.91.

The company’s 50 day moving average is $14.92. The company has a quick ratio of 4.31, a current ratio of 4.31 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $6.11 billion and a price-to-earnings ratio of -321.00.

Chindata Group (NASDAQ:CD) last issued its quarterly earnings results on Wednesday, May 19th. The company reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.17. The business had revenue of $98.20 million during the quarter, compared to the consensus estimate of $94.32 million. As a group, equities research analysts forecast that Chindata Group Holdings Limited will post 0.03 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of CD. Bank of Montreal Can increased its position in shares of Chindata Group by 3,455.6% during the first quarter. Bank of Montreal Can now owns 5,760 shares of the company’s stock valued at $88,000 after purchasing an additional 5,598 shares during the period. Citigroup Inc. increased its position in shares of Chindata Group by 167.4% during the first quarter. Citigroup Inc. now owns 7,159 shares of the company’s stock valued at $118,000 after purchasing an additional 4,482 shares during the period. Jane Street Group LLC bought a new stake in shares of Chindata Group during the first quarter valued at approximately $224,000. Infini Master Fund bought a new stake in shares of Chindata Group during the fourth quarter valued at approximately $367,000. Finally, Man Group plc bought a new stake in shares of Chindata Group during the first quarter valued at approximately $273,000. 11.27% of the stock is currently owned by institutional investors.

Chindata Group Company Profile (NASDAQ:CD)

Chindata Group Holdings Limited provides carrier-neutral hyper scale data center solutions in 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.

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