Chindata Group (NASDAQ:CD) Trading Down 8.2% – Here’s Why
by Doug Wharley · The Cerbat GemChindata Group Holdings Limited (NASDAQ:CD – Get Free Report) shares fell 8.2% on Tuesday . The company traded as low as $9.31 and last traded at $9.63. 154,057 shares changed hands during trading, an increase of 14% from the average session volume of 134,596 shares. The stock had previously closed at $10.49.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised Chindata Group from a “sell” rating to a “hold” rating in a report on Saturday, March 28th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Chindata Group presently has an average rating of “Sell”.
View Our Latest Stock Analysis on CD
Chindata Group Trading Down 10.1%
The stock has a fifty day moving average price of $5.13 and a two-hundred day moving average price of $6.05.
Chindata Group (NASDAQ:CD – Get Free Report) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.02) earnings per share for the quarter. The firm had revenue of $0.51 million during the quarter.
Hedge Funds Weigh In On Chindata Group
Several hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN bought a new position in Chindata Group during the fourth quarter valued at about $226,000. HRT Financial LP bought a new position in shares of Chindata Group during the 4th quarter valued at about $205,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Chindata Group in the 4th quarter worth approximately $92,000. CI Investments Inc. bought a new stake in shares of Chindata Group in the 4th quarter worth approximately $84,000. Finally, Intech Investment Management LLC acquired a new stake in Chindata Group during the fourth quarter valued at approximately $81,000. 30.82% of the stock is currently owned by institutional investors and hedge funds.
Chindata Group Company Profile
Chindata Group Holdings Limited provides carrier-neutral hyperscale data center solutions in Mainland 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. Its integrated data center solutions include infrastructure, power supply, connectivity and operation and maintenance, and tailor-made to their scale and requirements throughout the planning, design, construction, and operation process.