Kingsoft Cloud (NASDAQ:KC – Get Rating) will be issuing its quarterly earnings data before the market opens on Wednesday, March 29th. Analysts expect the company to announce earnings of ($0.13) per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.
Kingsoft Cloud Stock Up 1.9 %
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KC stock opened at $5.28 on Wednesday. The business has a 50 day moving average price of $4.60 and a two-hundred day moving average price of $3.48. The company has a market cap of $1.34 billion, a price-to-earnings ratio of -3.36 and a beta of 1.88. Kingsoft Cloud has a twelve month low of $1.77 and a twelve month high of $7.15.
Analyst Ratings Changes
KC has been the subject of several research analyst reports. JPMorgan Chase & Co. initiated coverage on Kingsoft Cloud in a research note on Monday, March 13th. They set a “neutral” rating for the company. China Renaissance downgraded Kingsoft Cloud from a “hold” rating to a “sell” rating in a research note on Monday, January 9th.
Institutional Trading of Kingsoft Cloud
Several institutional investors have recently added to or reduced their stakes in the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in Kingsoft Cloud by 47.8% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 618,700 shares of the company’s stock valued at $2,370,000 after purchasing an additional 200,000 shares during the period. Squarepoint Ops LLC acquired a new position in Kingsoft Cloud in the 4th quarter valued at $104,000. Millennium Management LLC raised its holdings in Kingsoft Cloud by 115.7% in the 4th quarter. Millennium Management LLC now owns 399,666 shares of the company’s stock valued at $1,531,000 after acquiring an additional 214,363 shares in the last quarter. Morgan Stanley raised its holdings in Kingsoft Cloud by 6.6% in the 4th quarter. Morgan Stanley now owns 242,130 shares of the company’s stock valued at $927,000 after acquiring an additional 15,066 shares in the last quarter. Finally, Norges Bank acquired a new position in Kingsoft Cloud in the 4th quarter valued at $815,000. 20.32% of the stock is currently owned by institutional investors.
Kingsoft Cloud Company Profile
Kingsoft Cloud Holdings Limited provides cloud services to businesses and organizations in China. The company offers public cloud services to customers in various verticals, including game, video, AI, e-commerce, education, and mobile internet; and enterprise cloud services to customers in financial service, public service, and healthcare businesses.
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