Kingsoft Cloud (NASDAQ:KC) Shares Gap Down - Time to Sell?

Shares of Kingsoft Cloud Holdings Limited (NASDAQ:KC - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $14.05, but opened at $13.60. Kingsoft Cloud shares last traded at $13.43, with a volume of 433,104 shares.

Analyst Ratings Changes

Several brokerages have recently issued reports on KC. Nomura cut shares of Kingsoft Cloud from a "buy" rating to a "neutral" rating in a report on Monday, March 3rd. Nomura Securities lowered Kingsoft Cloud from a "strong-buy" rating to a "hold" rating in a report on Monday, March 3rd.

Kingsoft Cloud Price Performance

The company's 50-day simple moving average is $15.93 and its 200-day simple moving average is $10.62. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market capitalization of $2.80 billion, a PE ratio of -9.19 and a beta of 2.23.

Kingsoft Cloud (NASDAQ:KC - Get Free Report) last posted its quarterly earnings data on Wednesday, March 19th. The company reported ($0.05) earnings per share for the quarter, topping analysts' consensus estimates of ($0.11) by $0.06. The company had revenue of $2.23 billion during the quarter, compared to analysts' expectations of $2.11 billion. Kingsoft Cloud had a negative return on equity of 19.13% and a negative net margin of 28.41%. The firm's revenue for the quarter was up 29.6% on a year-over-year basis. During the same period last year, the firm earned $0.08 EPS. As a group, sell-side analysts anticipate that Kingsoft Cloud Holdings Limited will post -0.63 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in KC. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Kingsoft Cloud by 12.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,549 shares of the company's stock worth $205,000 after purchasing an additional 2,200 shares in the last quarter. Jane Street Group LLC grew its position in Kingsoft Cloud by 383.5% during the third quarter. Jane Street Group LLC now owns 322,503 shares of the company's stock worth $948,000 after buying an additional 255,795 shares during the period. Yeomans Consulting Group Inc. acquired a new stake in shares of Kingsoft Cloud during the 4th quarter valued at approximately $318,000. Quantbot Technologies LP purchased a new stake in shares of Kingsoft Cloud during the 4th quarter worth approximately $226,000. Finally, State Street Corp grew its holdings in shares of Kingsoft Cloud by 0.5% in the 3rd quarter. State Street Corp now owns 609,790 shares of the company's stock worth $1,793,000 after acquiring an additional 3,104 shares during the period. 13.40% of the stock is owned by hedge funds and other institutional investors.

Kingsoft Cloud Company Profile

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.