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.

21Vianet Group (NASDAQ:VNET) last announced its quarterly earnings results on Monday, March 4th. The information technology services provider reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.22). The company had revenue of $131.17 million for the quarter, compared to analyst estimates of $127.39 million. 21Vianet Group had a negative return on equity of 1.15% and a negative net margin of 5.86%. On average, research analysts predict that 21Vianet Group Inc will post 0.1 EPS for the current year.

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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