Kingsoft Cloud Holdings Limited (NASDAQ:KC - Get Free Report) shares saw an uptick in trading volume on Wednesday . 3,661,879 shares traded hands during mid-day trading, a decline of 3% from the previous session's volume of 3,773,027 shares.The stock last traded at $10.99 and had previously closed at $13.20.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on KC shares. Nomura lowered Kingsoft Cloud from a "buy" rating to a "neutral" rating in a research report on Monday, March 3rd. Nomura Securities downgraded shares of Kingsoft Cloud from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 3rd.
View Our Latest Analysis on KC
Kingsoft Cloud Stock Down 0.4 %
The firm has a market capitalization of $2.79 billion, a PE ratio of -9.17 and a beta of 2.23. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.10. The business has a 50-day moving average price of $15.93 and a 200-day moving average price of $10.66.
Kingsoft Cloud (NASDAQ:KC - Get Free Report) last announced its quarterly earnings results on Wednesday, March 19th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.06. Kingsoft Cloud had a negative net margin of 28.41% and a negative return on equity of 19.13%. The firm had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $2.11 billion. During the same quarter in the previous year, the company posted $0.08 EPS. The company's revenue was up 29.6% compared to the same quarter last year. Equities research analysts forecast that Kingsoft Cloud Holdings Limited will post -0.63 earnings per share for the current fiscal year.
Institutional Trading of Kingsoft Cloud
A number of institutional investors and hedge funds have recently added to or reduced their stakes in KC. Compagnie Lombard Odier SCmA purchased a new stake in shares of Kingsoft Cloud during the first quarter worth approximately $65,000. Marshall Wace LLP purchased a new position in Kingsoft Cloud in the fourth quarter valued at $119,000. Vise Technologies Inc. purchased a new stake in Kingsoft Cloud during the 4th quarter worth about $125,000. Cetera Investment Advisers purchased a new position in shares of Kingsoft Cloud in the 4th quarter valued at about $138,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Kingsoft Cloud by 12.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,549 shares of the company's stock valued at $205,000 after purchasing an additional 2,200 shares in the last quarter. Hedge funds and other institutional investors own 13.40% of the company's stock.
About Kingsoft Cloud
(
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Kingsoft Cloud Holdings Limited provides cloud services to businesses and organizations primarily in China. The company's products portfolio includes cloud products, including infrastructure as a service (IaaS) infrastructure, platform as a service (PaaS) middleware, and software as a service (SaaS) applications that primarily consist of cloud computing, network, database, big data, security, storage, and delivery solutions.
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