Chindata Group (NASDAQ:CD) Announces Earnings Results

by · The Cerbat Gem

Chindata Group (NASDAQ:CD – Get Free Report) issued its quarterly earnings results on Thursday. The company reported ($0.02) earnings per share for the quarter, Zacks reports.

Chindata Group Stock Up 22.7%

CD stock traded up $1.40 during midday trading on Thursday, hitting $7.57. 174,016 shares of the stock traded hands, compared to its average volume of 77,739. Chindata Group has a 1-year low of $1.38 and a 1-year high of $36.77. The stock’s fifty day simple moving average is $5.05 and its 200-day simple moving average is $6.03.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of 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 data from MarketBeat.com, Chindata Group presently has a consensus rating of “Sell”.

Read Our Latest Stock Analysis on CD

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Invesco Ltd. acquired a new stake in Chindata Group in the 4th quarter worth about $354,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Chindata Group during the fourth quarter valued at approximately $92,000. Public Employees Retirement System of Ohio purchased a new position in shares of Chindata Group in the fourth quarter valued at approximately $27,000. Barclays PLC acquired a new stake in shares of Chindata Group in the fourth quarter worth approximately $318,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Chindata Group in the fourth quarter worth approximately $57,000. 30.82% of the stock is owned by institutional investors and hedge funds.

Chindata Group Company Profile

(Get Free Report)

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.

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