Gridsum (NASDAQ:GSUM) was upgraded by investment analysts at TheStreet from a “d+” rating to a “c-” rating in a research report issued to clients and investors on Thursday.
Shares of Gridsum (NASDAQ GSUM) traded up $0.20 during trading on Thursday, hitting $11.78. The stock had a trading volume of 1,224,250 shares, compared to its average volume of 546,036. The firm has a market capitalization of $361.69 and a price-to-earnings ratio of -9.28. Gridsum has a twelve month low of $6.76 and a twelve month high of $13.94.
Several institutional investors have recently made changes to their positions in the company. Quentec Asset Management LLC lifted its holdings in shares of Gridsum by 12.6% in the third quarter. Quentec Asset Management LLC now owns 1,145,268 shares of the technology company’s stock valued at $11,797,000 after buying an additional 127,926 shares during the period. State Street Corp acquired a new stake in shares of Gridsum in the second quarter valued at $112,000. Stifel Financial Corp acquired a new stake in shares of Gridsum in the second quarter valued at $226,000. FIL Ltd acquired a new stake in shares of Gridsum in the second quarter valued at $7,668,000. Finally, Northern Trust Corp acquired a new stake in shares of Gridsum in the second quarter valued at $106,000. Institutional investors and hedge funds own 35.68% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “Gridsum (GSUM) Rating Increased to C- at TheStreet” was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this story on another domain, it was stolen and republished in violation of international copyright and trademark legislation. The legal version of this story can be viewed at https://www.dispatchtribunal.com/2018/01/13/gridsum-gsum-rating-increased-to-c-at-thestreet.html.
Gridsum Company Profile
Gridsum Holding Inc is a holding company. The Company provides data analysis software for multinational and domestic enterprises, and government agencies in China. The Company’s technology, the Gridsum Big Data Platform performs multi-dimensional correlation analysis and analyzes real-time events. The Company offers various types of solutions and technologies.
Receive News & Ratings for Gridsum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gridsum and related companies with MarketBeat.com's FREE daily email newsletter.