Gridsum (GSUM) Rating Increased to C- at TheStreet

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.

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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.

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