Gridsum (GSUM) Upgraded at TheStreet

Gridsum (NASDAQ:GSUM) was upgraded by TheStreet from a “d+” rating to a “c-” rating in a research report issued on Thursday.

Gridsum (NASDAQ GSUM) opened at $11.78 on Thursday. The firm has a market cap of $291.72, a price-to-earnings ratio of -16.36 and a beta of 0.75. Gridsum has a 52-week low of $6.76 and a 52-week high of $13.94.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN boosted its position in shares of Gridsum by 10.3% during the second quarter. Wells Fargo & Company MN now owns 1,266,200 shares of the technology company’s stock worth $10,839,000 after purchasing an additional 118,000 shares in the last quarter. Quentec Asset Management LLC boosted its position in shares of Gridsum by 12.6% during the third quarter. Quentec Asset Management LLC now owns 1,145,268 shares of the technology company’s stock worth $11,797,000 after purchasing an additional 127,926 shares in the last quarter. FIL Ltd bought a new position in shares of Gridsum during the second quarter worth $7,668,000. Matthews International Capital Management LLC boosted its position in shares of Gridsum by 30.4% during the second quarter. Matthews International Capital Management LLC now owns 467,447 shares of the technology company’s stock worth $4,001,000 after purchasing an additional 108,984 shares in the last quarter. Finally, Stifel Financial Corp bought a new position in shares of Gridsum during the second quarter worth $226,000. 35.68% of the stock is currently owned by institutional investors.

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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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