GDS (NASDAQ:GDS) Trading 2.9% Higher

GDS Holdings Limited (NASDAQ:GDS)’s stock price traded up 2.9% during trading on Friday . The stock traded as high as $43.91 and last traded at $43.84. 1,680 shares changed hands during mid-day trading, a decline of 100% from the average session volume of 1,073,363 shares. The stock had previously closed at $42.59.

GDS has been the topic of a number of research reports. HSBC cut their target price on shares of GDS from $111.00 to $88.00 and set a “buy” rating on the stock in a research report on Monday, October 11th. Raymond James lowered their price target on GDS from $75.00 to $68.00 and set a “strong-buy” rating for the company in a research note on Monday, January 3rd. Royal Bank of Canada lowered their price target on GDS from $82.00 to $80.00 and set an “outperform” rating for the company in a research note on Friday, November 19th. Finally, Zacks Investment Research cut GDS from a “hold” rating to a “sell” rating in a research note on Wednesday, January 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $86.20.

The company has a 50-day simple moving average of $50.84 and a two-hundred day simple moving average of $57.94. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 1.08. The firm has a market cap of $7.94 billion, a PE ratio of -39.44 and a beta of 0.95.

GDS (NASDAQ:GDS) last announced its earnings results on Monday, November 15th. The company reported ($1.84) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($1.67). The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.06 billion. GDS had a negative return on equity of 4.88% and a negative net margin of 16.63%. GDS’s revenue was up 35.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.21) earnings per share. As a group, equities analysts predict that GDS Holdings Limited will post -0.97 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in the company. Lindbrook Capital LLC increased its position in shares of GDS by 84.2% in the 3rd quarter. Lindbrook Capital LLC now owns 538 shares of the company’s stock valued at $30,000 after acquiring an additional 246 shares during the period. New York State Common Retirement Fund acquired a new position in GDS in the second quarter valued at $45,000. Edmond DE Rothschild Holding S.A. lifted its stake in shares of GDS by 133.8% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 1,683 shares of the company’s stock valued at $132,000 after buying an additional 963 shares during the period. Quantitative Systematic Strategies LLC acquired a new stake in shares of GDS in the second quarter worth $204,000. Finally, California State Teachers Retirement System acquired a new stake in GDS during the 2nd quarter valued at $217,000. Institutional investors and hedge funds own 53.92% of the company’s stock.

About GDS (NASDAQ:GDS)

GDS Holdings Ltd. engages in developing and operating data centers in China. It builds, operates, and transfers data centers at other locations. Its data centers are carrier and cloud-neutral, which enable customers to connect to major telecommunications carriers, and to access a number of cloud service providers.

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