Wall Street Zen Upgrades Chindata Group (NASDAQ:CD) to Hold

Chindata Group (NASDAQ:CD) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings reissued 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, Chindata Group presently has an average rating of “Sell”.

Chindata Group Stock Performance

Shares of NASDAQ CD opened at $6.74 on Friday. The stock has a fifty day simple moving average of $3.71 and a 200-day simple moving average of $4.68. Chindata Group has a twelve month low of $2.10 and a twelve month high of $36.77. The stock has a market capitalization of $741.40 million, a PE ratio of -224.67 and a beta of 5.06.

Chindata Group (NASDAQ:CD) last released its 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 during the quarter.

Institutional Investors Weigh In On Chindata Group

An institutional investor recently raised its stake in Chindata Group stock. Bank of America Corp DE increased its position in shares of Chindata Group Holdings Limited (NASDAQ:CD) by 11.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,834 shares of the company’s stock after purchasing an additional 3,792 shares during the period. Bank of America Corp DE’s holdings in Chindata Group were worth $143,000 as of its most recent SEC filing. 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.