The stock of Chindata Group Holdings Ltd ADR (NASDAQ:CD) last traded at $8.32, up 1.71% from the previous session.
CD stock price is now 1.04% away from the 50-day moving average and 12.09% away from the 200-day moving average. The market capitalization of the company currently stands at $1.67B.
With the price target maintained at $8.30, Credit Suisse recently Upgraded its rating from Neutral to Outperform for Chindata Group Holdings Ltd ADR (NASDAQ: CD).
There have been several recent changes in the stakes of large investors in CD stock. A new stake in Chindata Group Holdings Ltd ADR shares was purchased by MAVEN SECURITIES LTD during the first quarter worth $3,639,000. BARDIN HILL MANAGEMENT PARTNERS LP invested $3,506,000 in shares of CD during the first quarter. In the first quarter, CORBIN CAPITAL PARTNERS, L.P. acquired a new stake in Chindata Group Holdings Ltd ADR valued at approximately $2,269,000. PENTWATER CAPITAL MANAGEMENT LP acquired a new stake in CD for approximately $2,022,000. GABELLI FUNDS LLC purchased a new stake in CD valued at around $1,760,000 in the second quarter.
With an opening price of $8.17 on Wednesday morning, Chindata Group Holdings Ltd ADR (NASDAQ: CD) set off the trading day. During the past 12 months, Chindata Group Holdings Ltd ADR has had a low of $4.86 and a high of $9.21. As of last week, the company has a debt-to-equity ratio of 1.06, a current ratio of 1.99, and a quick ratio of 1.99. The fifty day moving average price for CD is $8.24 and a two-hundred day moving average price translates $7.43 for the stock.
The latest earnings results from Chindata Group Holdings Ltd ADR (NASDAQ: CD) was released for Jun, 2023. The net profit margin was 14.91% and return on equity was 7.68% for CD. The company reported revenue of $214.28 million for the quarter, compared to $154.98 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 38.26 percent.
Chindata Group Holdings Ltd ADR(CD) 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. The company was formerly known as BCPE Bridge Stack Limited and changed its name to Chindata Group Holdings Limited in April 2020. Chindata Group Holdings Limited was founded in 2015 and is headquartered in Beijing, China.
