GDS (NASDAQ:GDS) Trading Up 7.4%

GDS Holdings Limited (NASDAQ:GDS)’s stock price was up 7.4% during trading on Friday . The company traded as high as $7.78 and last traded at $7.73. Approximately 437,313 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 1,754,553 shares. The stock had previously closed at $7.20.

Analysts Set New Price Targets

A number of equities analysts have recently commented on GDS shares. JPMorgan Chase & Co. dropped their price target on shares of GDS from $12.00 to $7.00 and set a “neutral” rating on the stock in a research report on Thursday, March 28th. StockNews.com upgraded shares of GDS to a “sell” rating in a research note on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $15.69.

GDS Price Performance

The company has a debt-to-equity ratio of 1.92, a current ratio of 1.32 and a quick ratio of 1.52. The stock’s 50 day simple moving average is $7.03 and its two-hundred day simple moving average is $8.12. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of -2.32 and a beta of 0.40.

GDS (NASDAQ:GDS) last posted its quarterly 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). GDS had a negative return on equity of 8.90% and a negative net margin of 43.25%. The business had revenue of $360.07 million for the quarter, compared to analyst estimates of $363.21 million. On average, analysts forecast that GDS Holdings Limited will post -1.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GDS

Institutional investors have recently bought and sold shares of the business. Barclays PLC lifted its holdings in shares of GDS by 132.8% during the second quarter. Barclays PLC now owns 2,898 shares of the company’s stock valued at $32,000 after acquiring an additional 1,653 shares during the period. Tower Research Capital LLC TRC bought a new position in shares of GDS during the fourth quarter valued at $53,000. PNC Financial Services Group Inc. lifted its holdings in shares of GDS by 23.8% during the third quarter. PNC Financial Services Group Inc. now owns 5,843 shares of the company’s stock valued at $64,000 after acquiring an additional 1,123 shares during the period. Signaturefd LLC lifted its holdings in shares of GDS by 20.0% during the third quarter. Signaturefd LLC now owns 8,714 shares of the company’s stock valued at $95,000 after acquiring an additional 1,451 shares during the period. Finally, Quadrature Capital Ltd bought a new position in shares of GDS during the fourth quarter valued at $107,000. 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.