VNET Group (VNET) to Release Earnings on Tuesday

VNET Group (NASDAQ:VNET – Get Rating) will be issuing its quarterly earnings data after the market closes on Tuesday, March 21st. Analysts expect the company to announce earnings of $0.48 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

VNET Group Trading Down 7.6 %

Shares of NASDAQ:VNET opened at $3.02 on Tuesday. The stock has a market capitalization of $439.92 million, a price-to-earnings ratio of -3.05 and a beta of -0.13. VNET Group has a 1-year low of $3.00 and a 1-year high of $7.94. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.26 and a current ratio of 1.26. The company has a 50 day moving average price of $5.39 and a 200 day moving average price of $5.29.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of VNET. Two Sigma Investments LP acquired a new stake in shares of VNET Group during the 4th quarter valued at about $398,000. Vident Investment Advisory LLC grew its position in shares of VNET Group by 10.7% during the 4th quarter. Vident Investment Advisory LLC now owns 57,087 shares of the information technology services provider’s stock worth $324,000 after buying an additional 5,519 shares during the period. Two Sigma Advisers LP grew its position in shares of VNET Group by 81.3% during the 3rd quarter. Two Sigma Advisers LP now owns 49,300 shares of the information technology services provider’s stock worth $271,000 after buying an additional 22,100 shares during the period. Northern Trust Corp grew its position in shares of VNET Group by 175.2% during the 2nd quarter. Northern Trust Corp now owns 38,507 shares of the information technology services provider’s stock worth $233,000 after buying an additional 24,517 shares during the period. Finally, Squarepoint Ops LLC grew its holdings in VNET Group by 154.5% during the fourth quarter. Squarepoint Ops LLC now owns 35,631 shares of the information technology services provider’s stock valued at $202,000 after purchasing an additional 21,631 shares during the period.

About VNET Group

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VNET Group, Inc is a holding company, which engages in the provision of carrier-neutral internet data center services. Its services include interconnectivity, colocation or data center managed hosting services, and cloud services. The company was founded by Sheng Chen and Jun Zhang on October 16, 1999 and is headquartered in Beijing, China.