Kingsoft Cloud Holdings Limited (NASDAQ:KC – Get Free Report) shares rose 6.8% during trading on Friday . The company traded as high as $2.66 and last traded at $2.66. Approximately 317,547 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 1,091,751 shares. The stock had previously closed at $2.49.
Kingsoft Cloud Stock Performance
The firm has a market cap of $662.12 million, a price-to-earnings ratio of -2.31 and a beta of 2.00. The stock’s 50 day moving average is $2.75 and its 200 day moving average is $2.88. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.03.
Kingsoft Cloud (NASDAQ:KC – Get Free Report) last announced its quarterly earnings results on Wednesday, May 22nd. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.08). Kingsoft Cloud had a negative net margin of 27.62% and a negative return on equity of 25.61%. The company had revenue of $245.93 million during the quarter, compared to analyst estimates of $244.03 million. Analysts anticipate that Kingsoft Cloud Holdings Limited will post -0.45 earnings per share for the current year.
Institutional Inflows and Outflows
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.
Featured Articles
- Five stocks we like better than Kingsoft Cloud
- What is Forex and How Does it Work?
- 3M Surprises and Rebound Accelerates: It Isn’t Too Late To Get In
- Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness
- Skechers Stock Shows Strength Among Consumer Discretionary Sector
- How to Effectively Use the MarketBeat Ratings Screener
- Tech Stocks Tumble, These Stocks Present Buying Opportunity
Receive News & Ratings for Kingsoft Cloud Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kingsoft Cloud and related companies with MarketBeat.com's FREE daily email newsletter.