Chindata Group (NASDAQ:CD) Announces Earnings Results

Chindata Group (NASDAQ:CD) announced its earnings results on Thursday. The company reported ($0.02) earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $0.51 million during the quarter.

Chindata Group Price Performance

Shares of NASDAQ:CD traded up $0.22 during trading on Friday, hitting $7.79. 15,243 shares of the stock traded hands, compared to its average volume of 130,605. The company has a fifty day moving average price of $5.05 and a two-hundred day moving average price of $6.03. Chindata Group has a 52-week low of $1.38 and a 52-week high of $36.77.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Chindata Group from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Chindata Group currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CD. Geode Capital Management LLC acquired a new stake in shares of Chindata Group during the 4th quarter valued at about $2,642,000. State Street Corp purchased a new position in Chindata Group during the fourth quarter worth approximately $2,541,000. Goldman Sachs Group Inc. acquired a new stake in Chindata Group in the fourth quarter valued at approximately $533,000. Charles Schwab Investment Management Inc. purchased a new stake in shares of Chindata Group in the fourth quarter valued at approximately $495,000. Finally, Nuveen LLC purchased a new stake in shares of Chindata Group in the fourth quarter valued at approximately $408,000. Institutional investors and hedge funds own 30.82% of the company’s stock.

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.