Chindata Group Holdings Limited (NASDAQ:CD – Get Rating)'s share price shot up 4.2% during trading on Friday . The company traded as high as $8.06 and last traded at $8.02. 10,433 shares were traded during mid-day trading, a decline of 100% from the average session volume of 2,616,619 shares. The stock had previously closed at $7.70.
Analyst Upgrades and Downgrades
Separately, TheStreet raised Chindata Group from a "d+" rating to a "c-" rating in a research note on Friday, September 9th.
Get Chindata Group alerts:Chindata Group Stock Up 4.9 %
The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 0.63. The stock has a 50 day simple moving average of $7.82 and a 200 day simple moving average of $7.08. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 36.73 and a beta of 0.84.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the stock. Canada Pension Plan Investment Board boosted its position in shares of Chindata Group by 27.4% during the first quarter. Canada Pension Plan Investment Board now owns 11,058,874 shares of the company's stock valued at $69,892,000 after buying an additional 2,375,484 shares during the last quarter. Sylebra Capital Ltd boosted its position in shares of Chindata Group by 8.0% during the fourth quarter. Sylebra Capital Ltd now owns 7,778,526 shares of the company's stock valued at $51,260,000 after buying an additional 573,364 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Chindata Group by 5.5% during the first quarter. Goldman Sachs Group Inc. now owns 5,382,133 shares of the company's stock valued at $34,015,000 after buying an additional 278,887 shares during the last quarter. Krane Funds Advisors LLC lifted its holdings in Chindata Group by 21.7% during the first quarter. Krane Funds Advisors LLC now owns 5,080,591 shares of the company's stock worth $32,109,000 after acquiring an additional 904,914 shares during the period. Finally, Ontario Teachers Pension Plan Board lifted its holdings in Chindata Group by 28.1% during the first quarter. Ontario Teachers Pension Plan Board now owns 4,200,000 shares of the company's stock worth $26,544,000 after acquiring an additional 920,555 shares during the period. Hedge funds and other institutional investors own 22.71% of the company's stock.About Chindata Group
(Get Rating)
Chindata Group Holdings Limited provides carrier-neutral hyper scale data center solutions in China, India, Malaysia, 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.
See Also
- Get a free copy of the StockNews.com research report on Chindata Group (CD)
- EV Battery Maker Freyr Set For Major Global Expansion
- MarketBeat: Week in Review 9/26 – 9/30
- This Is A Memorable Time To Buy Into Micron Technology
- Let Paychex Stock Work Hard For You
- Declining Profits Challenge the CarMax Value Proposition
Receive News & Ratings for Chindata Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chindata Group and related companies with MarketBeat.com's FREE daily email newsletter.