21Vianet Group (VNET) Trading Up 13.5%

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.

21Vianet Group (NASDAQ:VNET) last posted its earnings results on Thursday, May 16th. The information technology services provider reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.02). 21Vianet Group had a negative return on equity of 1.15% and a negative net margin of 5.86%. The firm had revenue of $129.91 million for the quarter, compared to the consensus estimate of $129.55 million. As a group, equities analysts anticipate that 21Vianet Group Inc will post 0.1 earnings per share for the current year.

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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