Shares of 21Vianet Group Inc (NASDAQ:VNET) rose 5.9% during trading on Monday . The stock traded as high as $22.13 and last traded at $21.87. Approximately 586,679 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 1,239,119 shares. The stock had previously closed at $20.66.
VNET has been the topic of several research analyst reports. ValuEngine raised shares of 21Vianet Group from a “hold” rating to a “buy” rating in a report on Friday, August 21st. DBS Vickers initiated coverage on shares of 21Vianet Group in a report on Tuesday, July 14th. They issued a “buy” rating on the stock. TheStreet raised shares of 21Vianet Group from a “d+” rating to a “c” rating in a report on Thursday, July 23rd. Jefferies Financial Group initiated coverage on shares of 21Vianet Group in a research report on Tuesday, June 16th. They issued a “buy” rating on the stock. Finally, UBS Group initiated coverage on shares of 21Vianet Group in a research report on Tuesday, July 14th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company’s stock. 21Vianet Group has a consensus rating of “Buy” and a consensus target price of $18.93.
The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of -7.08 and a beta of 0.25. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.46 and a current ratio of 1.46. The firm has a 50-day simple moving average of $22.90 and a two-hundred day simple moving average of $18.59.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UBS Group AG lifted its stake in 21Vianet Group by 550.4% in the first quarter. UBS Group AG now owns 3,447 shares of the information technology services provider’s stock valued at $47,000 after buying an additional 2,917 shares during the last quarter. NorthCoast Asset Management LLC purchased a new stake in 21Vianet Group in the first quarter valued at approximately $139,000. Advisor Group Holdings Inc. lifted its stake in 21Vianet Group by 30,285.0% in the second quarter. Advisor Group Holdings Inc. now owns 6,077 shares of the information technology services provider’s stock valued at $145,000 after buying an additional 6,057 shares during the last quarter. Jane Street Group LLC purchased a new stake in 21Vianet Group in the first quarter valued at approximately $189,000. Finally, Bank of Montreal Can purchased a new stake in 21Vianet Group in the second quarter valued at approximately $194,000. 44.09% of the stock is owned by institutional investors.
21Vianet Group Company Profile (NASDAQ:VNET)
21Vianet Group, Inc provides carrier and cloud-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.
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