Chindata Group (NASDAQ:CD) issued its quarterly earnings results on Tuesday. The company reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.25, Fidelity Earnings reports. Chindata Group had a negative net margin of 3.01% and a negative return on equity of 0.52%. During the same quarter last year, the company posted ($0.08) earnings per share.
NASDAQ:CD traded up $0.20 during trading hours on Thursday, hitting $9.70. The stock had a trading volume of 1,919,332 shares, compared to its average volume of 1,404,409. The business’s 50 day moving average price is $9.71. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.16 and a quick ratio of 4.16. Chindata Group has a one year low of $7.75 and a one year high of $27.47. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of -161.67 and a beta of 3.25.
A number of research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Chindata Group from a “buy” rating to a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. assumed coverage on shares of Chindata Group in a research note on Wednesday, August 18th. They issued an “overweight” rating and a $18.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $17.76.
About Chindata Group
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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