<div id="readability-page-1"><p>VNET Group, Inc. - Unsponsored ADR (NASDAQ:VNET - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.20 and traded as high as $9.01. VNET Group shares last traded at $8.85, with a volume of 1,942,310 shares trading hands.</p><h2>Wall Street Analysts Forecast Growth</h2><ul><li>VNET Group Stock is a Tax Loss Selling Play</li></ul><p>A number of analysts have commented on the company. Weiss Ratings  reiterated a &#34;sell (d-)&#34; rating on shares of VNET Group in a research report on Tuesday. Wall Street Zen downgraded VNET Group from a &#34;hold&#34; rating to a &#34;sell&#34; rating in a research note on Saturday, October 25th. Finally, Bank of America increased their price objective on shares of VNET Group from $11.80 to $12.60 and gave the company a &#34;buy&#34; rating in a research note on Friday, August 22nd. One analyst  has rated the stock with a Strong Buy rating, two have assigned  a Buy rating and one  has assigned  a Sell rating to the stock. According to MarketBeat, the stock  has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $16.30.</p><p><b>Read Our Latest Stock Analysis on VNET Group</b></p><h2>VNET Group Stock Performance</h2><p>The stock has a market cap of $2.38 billion, a price-to-earnings ratio of -29.50, a price-to-earnings-growth ratio of 4.60 and a beta of 0.03. The company has a debt-to-equity ratio of 2.88, a current ratio of 0.90 and a quick ratio of 0.90. The stock's 50-day moving average is $9.49 and its 200-day moving average is $8.20. </p><p>VNET Group (NASDAQ:VNET - Get Free Report) last issued its quarterly earnings results on Thursday, November 20th. The information technology services provider reported $0.02 earnings per share for the quarter, hitting analysts' consensus estimates of $0.02. VNET Group had a negative return on equity of 3.42% and a negative net margin of 5.99%.The company had revenue of $362.63 million for the quarter, compared to analyst estimates of $335.87 million.  Analysts anticipate that  VNET Group, Inc. - Unsponsored ADR will post -0.06 EPS for the current fiscal year. </p><h2>Institutional Trading of VNET Group</h2><p>A number of hedge funds have recently added to or reduced their stakes in the business. Orion Porfolio Solutions LLC increased its stake in shares of  VNET Group by 6.1% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 21,491 shares of the information technology services provider's stock valued at $222,000 after acquiring an additional 1,237 shares during the last quarter.  EverSource Wealth Advisors LLC grew its holdings in  VNET Group by 52.2% in the second quarter. EverSource Wealth Advisors LLC now owns 4,157 shares of the information technology services provider's stock valued at $29,000 after purchasing an additional 1,426 shares during the period.  Raymond James Financial Inc. increased its position in  VNET Group by 14.5% during the third quarter. Raymond James Financial Inc. now owns 11,446 shares of the information technology services provider's stock worth $118,000 after purchasing an additional 1,446 shares during the last quarter.  Public Employees Retirement System of Ohio raised its stake in  VNET Group by 16.8% during the second quarter. Public Employees Retirement System of Ohio now owns 14,600 shares of the information technology services provider's stock worth $101,000 after purchasing an additional 2,100 shares during the period.  Finally, Bingham Private Wealth LLC boosted its holdings in shares of  VNET Group by 24.3% in the 2nd quarter. Bingham Private Wealth LLC now owns 13,050 shares of the information technology services provider's stock valued at $90,000 after purchasing an additional 2,547 shares during the last quarter. 72.83% of the stock is owned by institutional investors and hedge funds. </p><h2>VNET Group Company Profile</h2> (Get Free Report)<p>VNET Group, Inc, an investment holding company, provides hosting and related services in China. It offers managed hosting services consisting of managed retail services, such as colocation services that dedicate data center space to house customers' servers and networking equipment, as well as allow customers to lease partial or entire cabinets for their servers; interconnectivity services that allow customers to connect their servers; value-added services, including hybrid IT, bare metal, firewall, server load balancing, data backup and recovery, data center management, server management, and backup server services; cloud services that allow customers to run applications over the internet using IT infrastructure; and VPN Services that extend customers' private networks by setting up connections through the public internet.</p><h2>See Also</h2><ul><li>Five stocks we like better than VNET Group</li><li>Why Invest in 5G? How to Invest in 5G Stocks  </li><li>The Trade Desk: After a 70% Plunge, This Could Be The Time to Buy</li><li>How to trade using analyst ratings</li><li>Tap Into 2026 AI Infrastructure Gains With This High-Growth ETF</li><li>What Are Dividend Contenders? Investing in Dividend Contenders</li><li>Strong Quarter, Weak Reaction: Why GitLab Shares Dropped</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in VNET Group Right Now?</h2><p>Before you consider VNET Group, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and VNET Group wasn't on the list.</p><p>While VNET Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

VNET

<p>VNET Group's stock (NASDAQ:VNET) surpassed its 200-day moving average, trading as high as $9.01. Analysts have mixed ratings, with some downgrading to 'sell' and others upgrading to 'buy'. The stock has a market cap of $2.38 billion and a negative return on equity. Institutional investors hold 72.83% of shares. VNET provides hosting services in China.</p>

VNET Group (NASDAQ:VNET) Stock Passes Above 200-Day Moving Average - Here's Why