GDS (NASDAQ:GDS) Shares Gap Up – What’s Next?

GDS Holdings Limited (NASDAQ:GDS)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $21.89, but opened at $23.36. GDS shares last traded at $22.68, with a volume of 362,021 shares changing hands.

Analysts Set New Price Targets

Separately, Royal Bank of Canada reiterated an “outperform” rating and set a $26.00 target price on shares of GDS in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, GDS presently has an average rating of “Moderate Buy” and a consensus target price of $18.47.

GDS Trading Down 3.4 %

The stock’s fifty day simple moving average is $21.62 and its two-hundred day simple moving average is $18.13. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in shares of GDS by 1,558.3% in the 3rd quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock valued at $51,000 after purchasing an additional 2,353 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in GDS in the third quarter valued at approximately $64,000. Signaturefd LLC lifted its position in GDS by 17.3% during the third quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock valued at $168,000 after buying an additional 1,215 shares in the last quarter. Brookfield Corp ON purchased a new stake in GDS during the third quarter worth approximately $171,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in shares of GDS in the second quarter worth $108,000. Institutional investors and hedge funds own 33.71% of the company’s stock.

GDS Company Profile

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.