Chindata Group (NASDAQ:CD) Announces Quarterly Earnings Results

Chindata Group (NASDAQ:CD) announced its earnings results on Friday, August 14th. The company reported ($0.01) earnings per share for the quarter, Zacks reports. The firm had revenue of $0.46 million during the quarter.

Chindata Group Stock Up 11.9%

Shares of Chindata Group stock traded up $0.51 during midday trading on Thursday, hitting $4.79. The company’s stock had a trading volume of 127,421 shares, compared to its average volume of 200,309. The firm has a market capitalization of $526.92 million, a P/E ratio of -159.67 and a beta of 5.23. Chindata Group has a 1-year low of $2.10 and a 1-year high of $36.77. The stock has a 50-day simple moving average of $3.28 and a 200-day simple moving average of $4.63.

Wall Street Analyst Weigh In

A number of research firms have commented on CD. Wall Street Zen downgraded shares of Chindata Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 29th. Weiss Ratings restated a “sell (d)” rating on shares of Chindata Group in a research note on Monday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

About Chindata Group

Chindata Group Holdings Limited was a data center operator that provided infrastructure and technology services for cloud service providers, internet companies, financial institutions and other enterprise customers. Its offerings included the design, development and operation of hyperscale data centers, as well as related network connectivity, computing infrastructure and information technology services.

Founded in 2015 and headquartered in Beijing, Chindata focused primarily on markets across Asia-Pacific, including China and selected countries in Southeast and South Asia.