BidaskClub upgraded shares of iKang Healthcare Group (NASDAQ:KANG) from a hold rating to a buy rating in a report published on Saturday morning.
Separately, TheStreet raised iKang Healthcare Group from a d+ rating to a c rating in a report on Friday, December 15th.
iKang Healthcare Group (NASDAQ:KANG) traded up $0.40 during midday trading on Friday, hitting $17.92. The stock had a trading volume of 584,456 shares, compared to its average volume of 159,810. The company has a market cap of $1,244.40, a PE ratio of 448.00 and a beta of 0.26. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.80 and a quick ratio of 0.78. iKang Healthcare Group has a 12-month low of $11.70 and a 12-month high of $18.00.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in KANG. Pictet Asset Management Ltd. bought a new position in shares of iKang Healthcare Group during the 3rd quarter valued at $330,000. Renaissance Technologies LLC bought a new position in iKang Healthcare Group in the 4th quarter worth $377,000. Two Sigma Advisers LP bought a new position in iKang Healthcare Group in the 4th quarter worth $414,000. Deutsche Bank AG raised its holdings in iKang Healthcare Group by 136.8% in the 4th quarter. Deutsche Bank AG now owns 34,469 shares of the medical research company’s stock worth $544,000 after purchasing an additional 19,915 shares during the period. Finally, California Public Employees Retirement System bought a new position in iKang Healthcare Group in the 3rd quarter worth $888,000. 33.20% of the stock is currently owned by hedge funds and other institutional investors.
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About iKang Healthcare Group
iKang Healthcare Group, Inc provides preventive healthcare solutions, including a range of medical examinations services and value-added services, including disease screening, dental services and other services in China. The Company’s segments include medical examinations and other medical services, and dental services.
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