Kingsoft Cloud Holdings Limited (NASDAQ:KC – Get Rating) gapped up prior to trading on Wednesday . The stock had previously closed at $4.08, but opened at $4.42. Kingsoft Cloud shares last traded at $4.47, with a volume of 1,088,314 shares trading hands.
Analyst Ratings Changes
Several equities research analysts have commented on KC shares. China Renaissance cut Kingsoft Cloud from a “hold” rating to a “sell” rating in a research note on Monday, January 9th. JPMorgan Chase & Co. started coverage on Kingsoft Cloud in a research note on Monday. They issued a “neutral” rating on the stock.
Kingsoft Cloud Trading Up 12.4 %
The company has a market cap of $1.33 billion, a P/E ratio of -3.34 and a beta of 1.88. The business has a 50 day moving average price of $4.58 and a 200-day moving average price of $3.44.
Institutional Investors Weigh In On Kingsoft Cloud
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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