Chindata Group (NASDAQ:CD) Stock Moved Up to “Hold” by Wall Street Zen

Wall Street Zen upgraded shares of Chindata Group (NASDAQ:CD) from a sell rating to a hold rating in a research report sent to investors on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Chindata Group in a research note on Monday, September 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Chindata Group presently has a consensus rating of “Sell”.

Chindata Group Price Performance

Shares of NASDAQ:CD opened at $6.74 on Friday. Chindata Group has a 1-year low of $2.10 and a 1-year high of $36.77. The company has a market capitalization of $741.40 million, a P/E ratio of -224.67 and a beta of 5.06. The firm’s 50 day simple moving average is $3.71 and its two-hundred day simple moving average is $4.68.

Chindata Group (NASDAQ:CD) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.01) earnings per share for the quarter. The business had revenue of $0.46 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Chindata Group stock. Bank of New York Mellon Corp raised its stake in shares of Chindata Group Holdings Limited (NASDAQ:CD) by 8.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,907 shares of the company’s stock after buying an additional 7,060 shares during the quarter. Bank of New York Mellon Corp owned about 0.11% of Chindata Group worth $350,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 30.82% of the company’s stock.

Chindata Group Company Profile

Chindata Group Holdings Limited was a data center solution provider focused on serving cloud service providers, internet companies and other enterprise customers in emerging markets across the Asia-Pacific region. The company developed and operated hyperscale data center campuses and provided supporting infrastructure for customers with large-scale computing and storage requirements.

Its services included data center planning, design, construction and operation, as well as facilities management, network connectivity and related information technology infrastructure services.