21Vianet Group Inc. (NASDAQ:VNET) reached a new 52-week low on Monday . The stock traded as low as $8.33 and last traded at $8.43, with a volume of 1,982,911 shares. The stock had previously closed at $9.00.

Several equities research analysts recently weighed in on VNET shares. Zacks Investment Research cut shares of 21Vianet Group from a “buy” rating to a “hold” rating in a research report on Thursday, May 12th. Morgan Stanley started coverage on shares of 21Vianet Group in a research report on Friday, July 8th. They set an “underweight” rating and a $8.00 price objective for the company. Finally, JPMorgan Chase & Co. cut shares of 21Vianet Group from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $21.00 to $5.60 in a research report on Wednesday, August 17th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the stock. 21Vianet Group currently has an average rating of “Hold” and a consensus target price of $11.87.

The company’s market capitalization is $957.47 million. The company has a 50-day moving average price of $9.74 and a 200-day moving average price of $15.28.

21Vianet Group (NASDAQ:VNET) last announced its quarterly earnings data on Tuesday, August 16th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.09) by $0.08. The company earned $137.10 million during the quarter, compared to the consensus estimate of $127.83 million. During the same period in the prior year, the business posted ($0.02) earnings per share. The business’s revenue was down 1.9% compared to the same quarter last year. Equities analysts forecast that 21Vianet Group Inc. will post ($0.59) EPS for the current fiscal year.

An institutional investor recently raised its position in 21Vianet Group stock. Morgan Stanley boosted its stake in 21Vianet Group Inc. (NASDAQ:VNET) by 180.6% during the fourth quarter, according to its most recent disclosure 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 1.26% of 21Vianet Group worth $23,265,000 at the end of the most recent quarter.

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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