21Vianet Group Inc (NASDAQ:VNET) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $11.98 and last traded at $10.50, with a volume of 58384 shares traded. The stock had previously closed at $11.21.

Several research analysts have commented on VNET shares. BidaskClub upgraded shares of 21Vianet Group from a “sell” rating to a “hold” rating in a report on Tuesday, August 14th. Zacks Investment Research lowered shares of 21Vianet Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 18th. TheStreet upgraded shares of 21Vianet Group from a “d+” rating to a “c-” rating in a research note on Tuesday, November 13th. Jefferies Financial Group began coverage on shares of 21Vianet Group in a research note on Tuesday, October 2nd. They issued a “buy” rating for the company. Finally, Bank of America began coverage on shares of 21Vianet Group in a research note on Tuesday, September 18th. They issued a “buy” rating for the company. Five research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus price target of $11.00.

The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $1.27 billion, a PE ratio of -43.17 and a beta of 1.57.

Several institutional investors have recently modified their holdings of VNET. Jane Street Group LLC bought a new position in shares of 21Vianet Group in the 2nd quarter worth about $104,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of 21Vianet Group in the 3rd quarter worth about $105,000. GSA Capital Partners LLP bought a new position in shares of 21Vianet Group in the 3rd quarter worth about $122,000. FDx Advisors Inc. bought a new position in shares of 21Vianet Group in the 3rd quarter worth about $147,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of 21Vianet Group in the 3rd quarter worth about $173,000. Institutional investors own 32.10% of the company’s stock.

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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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