VNET Group, Inc. (NASDAQ:VNET – Get Free Report) saw some unusual options trading on Friday. Traders acquired 8,015 call options on the stock. This is an increase of 1,500% compared to the typical volume of 501 call options.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on the stock. StockNews.com upgraded shares of VNET Group from a “sell” rating to a “hold” rating in a research note on Wednesday, August 21st. Citigroup began coverage on shares of VNET Group in a research report on Wednesday. They set a “buy” rating and a $4.00 price objective for the company.
Read Our Latest Report on VNET
Institutional Trading of VNET Group
VNET Group Stock Performance
VNET opened at $2.79 on Friday. The stock’s 50 day simple moving average is $2.13 and its 200-day simple moving average is $1.94. The company has a current ratio of 0.87, a quick ratio of 0.85 and a debt-to-equity ratio of 1.47. The stock has a market cap of $718.15 million, a PE ratio of -1.06, a P/E/G ratio of 9.97 and a beta of -0.32. VNET Group has a 1 year low of $1.39 and a 1 year high of $3.87.
About VNET Group
VNET Group, Inc, an investment holding company, provides hosting and related services in China. It offers managed hosting services consisting of managed retail services, such as colocation services that dedicate data center space to house customers' servers and networking equipment, as well as allow customers to lease partial or entire cabinets for their servers; interconnectivity services that allow customers to connect their servers; value-added services, including hybrid IT, bare metal, firewall, server load balancing, data backup and recovery, data center management, server management, and backup server services; cloud services that allow customers to run applications over the internet using IT infrastructure; and VPN Services that extend customers' private networks by setting up connections through the public internet.
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