21Vianet Group (VNET) Sees Unusually-High Trading Volume
21Vianet Group Inc (NASDAQ:VNET) shares saw strong trading volume on Tuesday . 1,065,884 shares changed hands during mid-day trading, an increase of 124% from the previous session’s volume of 476,449 shares.The stock last traded at $7.78 and had previously closed at $7.61.
Several equities analysts recently issued reports on the company. BidaskClub raised 21Vianet Group from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Zacks Investment Research downgraded 21Vianet Group from a “buy” rating to a “hold” rating in a research report on Saturday, January 26th. Finally, ValuEngine raised 21Vianet Group from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $11.00.
The stock has a market capitalization of $868.20 million, a price-to-earnings ratio of -32.42 and a beta of 1.24. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.13 and a quick ratio of 2.13.
Institutional investors and hedge funds have recently made changes to their positions in the business. We Are One Seven LLC acquired a new stake in 21Vianet Group during the 4th quarter worth about $26,000. Quantamental Technologies LLC acquired a new stake in 21Vianet Group during the 4th quarter worth about $29,000. Public Employees Retirement Association of Colorado acquired a new stake in 21Vianet Group during the 4th quarter worth about $54,000. Macquarie Group Ltd. acquired a new stake in 21Vianet Group during the 4th quarter worth about $88,000. Finally, Segantii Capital Management Ltd purchased a new stake in shares of 21Vianet Group during the 1st quarter worth about $109,000. 37.68% of the stock is currently owned by institutional investors.
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21Vianet Group Company Profile (NASDAQ:VNET)
21Vianet Group, Inc provides carrier-neutral Internet data center services to Internet companies, government entities, blue-chip enterprises, and small-to mid-sized enterprises in the People's Republic of China. It offers hosting and related services to house servers and networking equipment in its data centers, and connects them through a data transmission network; and other hosting related value-added services.
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