21Vianet Group Inc (NASDAQ:VNET) reached a new 52-week low during trading on Tuesday . The company traded as low as $6.55 and last traded at $6.55, with a volume of 1400 shares traded. The stock had previously closed at $6.81.
VNET has been the subject of several analyst reports. Zacks Investment Research downgraded shares of 21Vianet Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 23rd. BidaskClub downgraded shares of 21Vianet Group from a “sell” rating to a “strong sell” rating in a research note on Friday, November 8th. Finally, TheStreet downgraded shares of 21Vianet Group from a “c-” rating to a “d+” rating in a research note on Tuesday, August 20th.
The firm has a market capitalization of $760.88 million, a PE ratio of -27.38 and a beta of 0.98. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.74 and a quick ratio of 1.74. The stock has a 50-day moving average price of $7.94 and a 200-day moving average price of $7.71.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its stake in 21Vianet Group by 685.1% during the third quarter. Tower Research Capital LLC TRC now owns 7,286 shares of the information technology services provider’s stock valued at $56,000 after buying an additional 6,358 shares in the last quarter. Stevens Capital Management LP bought a new position in shares of 21Vianet Group during the second quarter worth about $80,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of 21Vianet Group in the 2nd quarter worth about $106,000. Paloma Partners Management Co acquired a new stake in shares of 21Vianet Group in the 2nd quarter worth about $107,000. Finally, Ellington Management Group LLC acquired a new stake in shares of 21Vianet Group in the 2nd quarter worth about $149,000. 39.37% of the stock is owned by hedge funds and other institutional investors.
21Vianet Group Company Profile (NASDAQ:VNET)
21Vianet Group, Inc provides carrier and cloud-neutral Internet data center services to Internet companies, government entities, blue-chip enterprises, and small-to mid-sized enterprises in the People's Republic of China. It offers hosting and related services to house servers and networking equipment in its data centers, and connects them through a data transmission network.
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