Chindata Group (NASDAQ:CD) Hits New 52-Week Low at $4.94

Shares of Chindata Group Holdings Limited (NASDAQ:CD – Get Rating) reached a new 52-week low during trading on Wednesday . The stock traded as low as $4.94 and last traded at $4.97, with a volume of 254633 shares traded. The stock had previously closed at $5.12.

Chindata Group Price Performance

The stock has a market capitalization of $1.81 billion, a PE ratio of 19.00 and a beta of 0.54. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.66. The company’s 50 day simple moving average is $6.25 and its 200 day simple moving average is $7.11.

Chindata Group (NASDAQ:CD – Get Rating) last released its quarterly earnings data on Wednesday, March 15th. The company reported $0.04 EPS for the quarter. Chindata Group had a return on equity of 6.20% and a net margin of 14.23%. The business had revenue of $201.57 million during the quarter, compared to the consensus estimate of $184.24 million. On average, equities analysts anticipate that Chindata Group Holdings Limited will post 0.43 earnings per share for the current year.

Hedge Funds Weigh In On Chindata Group

Large investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. lifted its holdings in Chindata Group by 116.9% in the first quarter. PNC Financial Services Group Inc. now owns 6,709 shares of the company’s stock worth $42,000 after acquiring an additional 3,616 shares during the last quarter. Alliancebernstein L.P. acquired a new position in shares of Chindata Group during the third quarter valued at approximately $87,000. XTX Topco Ltd acquired a new position in shares of Chindata Group during the first quarter valued at approximately $79,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Chindata Group during the fourth quarter valued at approximately $97,000. Finally, Prelude Capital Management LLC acquired a new position in shares of Chindata Group during the second quarter valued at approximately $96,000. Institutional investors own 25.98% of the company’s stock.

About Chindata Group

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Chindata Group Holdings Limited provides carrier-neutral hyper scale data center solutions in China, India, Malaysia, 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.