GDS (NASDAQ:GDS) Shares Gap Down to $9.75

GDS Holdings Limited (NASDAQ:GDS) gapped down prior to trading on Tuesday . The stock had previously closed at $9.75, but opened at $9.30. GDS shares last traded at $9.13, with a volume of 393,496 shares traded.

Analyst Upgrades and Downgrades

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

GDS Stock Performance

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 has a 50 day moving average of $7.65 and a 200-day moving average of $7.93.

GDS (NASDAQ:GDS) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $363.21 million. GDS had a negative net margin of 43.25% and a negative return on equity of 8.89%. Analysts anticipate that GDS Holdings Limited will post -1.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Swedbank AB acquired a new position in shares of GDS in the 1st quarter worth approximately $2,174,000. Bamco Inc. NY bought a new stake in shares of GDS in the 1st quarter valued at $2,896,000. Canada Pension Plan Investment Board increased its position in shares of GDS by 0.4% in the 1st quarter. Canada Pension Plan Investment Board now owns 9,713,325 shares of the company’s stock valued at $64,594,000 after buying an additional 33,978 shares in the last quarter. Baupost Group LLC MA bought a new stake in shares of GDS in the 1st quarter valued at $17,290,000. Finally, SG Americas Securities LLC bought a new position in GDS during the 1st quarter worth about $429,000. 33.71% of the stock is owned by institutional investors and hedge funds.

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.