21Vianet Group Inc (NASDAQ:VNET)’s share price was up 13.5% during trading on Friday . The stock traded as high as $9.36 and last traded at $8.99. Approximately 1,572,879 shares changed hands during trading, an increase of 233% from the average daily volume of 472,773 shares. The stock had previously closed at $7.92.
Several equities analysts have commented on VNET shares. BidaskClub cut shares of 21Vianet Group from a “hold” rating to a “sell” rating in a research report on Friday, January 25th. Zacks Investment Research cut shares of 21Vianet Group from a “buy” rating to a “hold” rating in a research report on Saturday, January 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. 21Vianet Group has a consensus rating of “Hold” and an average target price of $11.00.
The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $891.69 million, a P/E ratio of -37.46 and a beta of 1.21.
Several large investors have recently bought and sold shares of VNET. We Are One Seven LLC bought a new stake in shares of 21Vianet Group in the 4th quarter worth approximately $26,000. Quantamental Technologies LLC bought a new stake in 21Vianet Group during the 4th quarter valued at $29,000. Cutler Group LP bought a new stake in 21Vianet Group during the 1st quarter valued at $38,000. Public Employees Retirement Association of Colorado bought a new stake in 21Vianet Group during the 4th quarter valued at $54,000. Finally, Macquarie Group Ltd. bought a new stake in 21Vianet Group during the 4th quarter valued at $88,000. 37.71% of the stock is currently owned by institutional investors.
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About 21Vianet Group (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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