21Vianet Group (NASDAQ:VNET) Hits New 12-Month Low at $6.55

21Vianet Group Inc (NASDAQ:VNET)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as $6.55 and last traded at $6.55, with a volume of 1400 shares traded. The stock had previously closed at $6.81.

Several research firms have weighed in on VNET. Zacks Investment Research downgraded shares of 21Vianet Group from a “hold” rating to a “sell” rating in a research report on Saturday, November 23rd. BidaskClub downgraded shares of 21Vianet Group from a “sell” rating to a “strong sell” rating in a research report on Friday, November 8th. Finally, TheStreet downgraded shares of 21Vianet Group from a “c-” rating to a “d+” rating in a research report on Tuesday, August 20th.

The company has a market cap of $787.85 million, a PE ratio of -29.21 and a beta of 0.98. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.72. The firm’s 50-day simple moving average is $7.90 and its two-hundred day simple moving average is $7.70.

A number of large investors have recently added to or reduced their stakes in the business. Sylebra Capital Ltd grew its position in 21Vianet Group by 2.8% during the 3rd quarter. Sylebra Capital Ltd now owns 2,749,322 shares of the information technology services provider’s stock worth $20,950,000 after purchasing an additional 75,004 shares during the last quarter. State Street Corp grew its position in 21Vianet Group by 1.6% during the 3rd quarter. State Street Corp now owns 347,740 shares of the information technology services provider’s stock worth $2,650,000 after purchasing an additional 5,397 shares during the last quarter. Banco Santander S.A. acquired a new stake in 21Vianet Group during the 3rd quarter valued at approximately $3,810,000. Tower Research Capital LLC TRC lifted its stake in 21Vianet Group by 685.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 7,286 shares of the information technology services provider’s stock valued at $56,000 after acquiring an additional 6,358 shares during the period. Finally, California Public Employees Retirement System lifted its stake in 21Vianet Group by 88.0% during the 3rd quarter. California Public Employees Retirement System now owns 183,059 shares of the information technology services provider’s stock valued at $1,395,000 after acquiring an additional 85,697 shares during the period. 39.37% of the stock is currently owned by institutional investors.

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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