Chindata Group (NASDAQ:CD) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Chindata Group (NASDAQ:CD) from a hold rating to a sell rating in a research note published on Saturday.

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Chindata Group in a report on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Chindata Group Price Performance

Shares of CD opened at $3.26 on Friday. The firm has a market cap of $258.97 million, a PE ratio of -108.67 and a beta of 5.19. The stock’s fifty day moving average price is $3.53 and its two-hundred day moving average price is $4.86. Chindata Group has a 1 year low of $2.10 and a 1 year high of $36.77.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CD. Barclays PLC bought a new position in shares of Chindata Group in the fourth quarter worth $318,000. Wells Fargo & Company MN purchased a new position in shares of Chindata Group in the fourth quarter valued at $226,000. CI Investments Inc. bought a new stake in shares of Chindata Group during the 4th quarter valued at $84,000. Jane Street Group LLC bought a new stake in shares of Chindata Group during the 4th quarter valued at $292,000. Finally, HRT Financial LP purchased a new stake in Chindata Group during the 4th quarter worth about $205,000. 30.82% of the stock is currently owned by hedge funds and other institutional investors.

Chindata Group Company Profile

Chindata Group Holdings Limited provides carrier-neutral hyperscale data center solutions in Mainland China, India, and Southeast Asia. It offers artificial intelligence, cloud computing, smart cities and homes, online entertainment, and other on-demand services. The company also provides internet data center colocation and rental services; and technical and consulting services. Its integrated data center solutions include infrastructure, power supply, connectivity and operation and maintenance, and tailor-made to their scale and requirements throughout the planning, design, construction, and operation process.