21Vianet Group Inc. (NASDAQ:VNET) shares fell 5% on Wednesday . The stock traded as low as $9.02 and last traded at $9.16, with a volume of 1,469,133 shares trading hands. The stock had previously closed at $9.64.

Several brokerages have recently weighed in on VNET. Morgan Stanley began coverage on shares of 21Vianet Group in a research note on Friday. They issued an “underweight” rating for the company. Zacks Investment Research downgraded shares of 21Vianet Group from a “hold” rating to a “sell” rating in a research note on Friday, June 3rd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. 21Vianet Group presently has a consensus rating of “Hold” and an average price target of $21.50.

The company’s market cap is $804.20 million. The company’s 50-day moving average price is $12.12 and its 200-day moving average price is $17.46.

21Vianet Group (NASDAQ:VNET) last posted its quarterly earnings results on Thursday, May 26th. The company reported ($0.26) EPS for the quarter, topping the consensus estimate of ($0.32) by $0.06. The company had revenue of $133.70 million for the quarter. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.02 EPS. Analysts predict that 21Vianet Group Inc. will post ($2.49) earnings per share for the current fiscal year.

An institutional investor recently bought a new position in 21Vianet Group stock. Quantitative Investment Management LLC purchased a new stake in 21Vianet Group Inc. (NASDAQ:VNET) during the fourth quarter, Holdings Channel reports. The fund purchased 63,400 shares of the company’s stock, valued at approximately $1,340,000. Quantitative Investment Management LLC owned approximately 0.07% of 21Vianet Group at the end of the most recent reporting period.

21Vianet Group, Inc is a carrier-neutral Internet data center services provider in China. The Company hosts its customers’ servers and networking equipment and provides interconnectivity to improve the performance, availability and security of their Internet infrastructure. The Company also provides managed network services to enable customers to deliver data across the Internet in a faster and reliable manner through its data transmission network and smart routing technology.

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