StockNews.com upgraded shares of VNET Group (NASDAQ:VNET – Free Report) from a sell rating to a hold rating in a research report report published on Saturday.
VNET Group Stock Down 3.2 %
VNET opened at $2.09 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market cap of $537.97 million, a price-to-earnings ratio of -0.79 and a beta of -0.36. The firm’s fifty day moving average is $2.13 and its 200 day moving average is $1.90. VNET Group has a fifty-two week low of $1.39 and a fifty-two week high of $3.88.
VNET Group (NASDAQ:VNET – Get Free Report) last announced its quarterly earnings results on Wednesday, May 29th. The information technology services provider reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.13). The company had revenue of $262.89 million during the quarter, compared to the consensus estimate of $258.78 million. VNET Group had a negative net margin of 39.32% and a negative return on equity of 15.69%.
Institutional Trading of VNET Group
VNET Group Company Profile
VNET Group, Inc, an investment holding company, provides hosting and related services in China. It offers managed hosting services consisting of managed retail services, such as colocation services that dedicate data center space to house customers' servers and networking equipment, as well as allow customers to lease partial or entire cabinets for their servers; interconnectivity services that allow customers to connect their servers; value-added services, including hybrid IT, bare metal, firewall, server load balancing, data backup and recovery, data center management, server management, and backup server services; cloud services that allow customers to run applications over the internet using IT infrastructure; and VPN Services that extend customers' private networks by setting up connections through the public internet.
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