GDS (NASDAQ:GDS) Shares Gap Down to $8.74

GDS Holdings Limited (NASDAQ:GDS)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $8.74, but opened at $8.55. GDS shares last traded at $8.59, with a volume of 132,304 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have recently commented on GDS. StockNews.com raised shares of GDS to a “sell” rating in a research note on Thursday, March 21st. JPMorgan Chase & Co. reduced their price objective on shares of GDS from $12.00 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday, March 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, GDS has an average rating of “Hold” and a consensus price target of $15.69.

GDS Stock Down 2.9 %

The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of -2.42 and a beta of 0.31. The company has a debt-to-equity ratio of 2.26, a quick ratio of 1.32 and a current ratio of 1.32. The firm’s fifty day simple moving average is $7.24 and its 200 day simple moving average is $8.02.

GDS (NASDAQ:GDS) last announced its earnings results on Tuesday, March 26th. The company reported ($0.62) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.23). The company had revenue of $360.07 million during the quarter, compared to analyst estimates of $363.21 million. GDS had a negative return on equity of 8.89% and a negative net margin of 43.25%. On average, sell-side analysts forecast that GDS Holdings Limited will post -1.18 earnings per share for the current year.

Institutional Investors Weigh In On GDS

A number of large investors have recently added to or reduced their stakes in GDS. Pacer Advisors Inc. acquired a new stake in GDS in the 4th quarter worth about $6,952,000. Massachusetts Financial Services Co. MA grew its position in GDS by 76.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,630,386 shares of the company’s stock worth $17,853,000 after buying an additional 707,149 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in GDS by 43.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 174,157 shares of the company’s stock worth $1,588,000 after acquiring an additional 52,747 shares during the period. Aigen Investment Management LP acquired a new position in GDS in the 3rd quarter valued at $115,000. Finally, Wellington Management Group LLP lifted its position in shares of GDS by 26.2% during the 3rd quarter. Wellington Management Group LLP now owns 169,964 shares of the company’s stock valued at $1,861,000 after acquiring an additional 35,298 shares during the period. Institutional investors own 33.71% of the company’s stock.

About GDS

GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China. The company provides colocation services comprising critical facilities space, customer-available power, racks, and cooling; managed hosting services, including business continuity and disaster recovery, network management, data storage, system security, operating system, database, and server middleware services; managed cloud services; and consulting services.