21Vianet Group Inc. (NASDAQ:VNET) shares saw unusually-high trading volume on Tuesday . Approximately 1,198,676 shares changed hands during mid-day trading, an increase of 62% from the previous session’s volume of 739,740 shares.The stock last traded at $10.40 and had previously closed at $10.05.

VNET has been the topic of a number of research analyst reports. Zacks Investment Research cut 21Vianet Group from a “hold” rating to a “sell” rating in a report on Friday, June 3rd. Morgan Stanley initiated coverage on 21Vianet Group in a report on Friday, July 8th. They issued an “underweight” rating and a $8.00 target price on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $17.00.

The company’s market cap is $900.74 million. The company has a 50-day moving average price of $9.92 and a 200 day moving average price of $15.76.

21Vianet Group (NASDAQ:VNET) last released its quarterly earnings results on Thursday, May 26th. The company reported ($0.26) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.32) by $0.06. The firm had revenue of $133.70 million for the quarter. 21Vianet Group’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period last year, the business earned $0.02 EPS. On average, equities analysts expect that 21Vianet Group Inc. will post ($0.35) EPS for the current year.

A hedge fund recently raised its stake in 21Vianet Group stock. Morgan Stanley increased its position in shares of 21Vianet Group Inc. (NASDAQ:VNET) by 180.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,100,561 shares of the company’s stock after buying an additional 708,308 shares during the period. Morgan Stanley owned approximately 1.26% of 21Vianet Group worth $23,265,000 as of its most recent SEC filing.

21Vianet Group, Inc is a carrier-neutral Internet data center services provider. The Company hosts its customers’ servers and networking equipment and provides interconnectivity. The Company also provides managed network services to enable customers to deliver data across the Internet through its data transmission network and smart routing technology.

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