GDS (NASDAQ:GDS) Shares Up 3% – Time to Buy?

GDS Holdings Limited (NASDAQ:GDS)’s share price was up 3% during mid-day trading on Wednesday . The company traded as high as $27.44 and last traded at $27.26. Approximately 391,147 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 1,275,687 shares. The stock had previously closed at $26.46.

Analyst Upgrades and Downgrades

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

GDS Stock Up 6.5 %

The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a market cap of $5.37 billion, a price-to-earnings ratio of -9.24 and a beta of 0.18. The firm’s fifty day moving average is $21.19 and its two-hundred day moving average is $17.56.

Hedge Funds Weigh In On GDS

A number of institutional investors have recently bought and sold shares of GDS. Blue Trust Inc. increased its holdings in shares of GDS by 1,558.3% during the 3rd quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock valued at $51,000 after acquiring an additional 2,353 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in GDS in the 3rd quarter worth approximately $64,000. Signaturefd LLC increased its position in GDS by 17.3% during the third quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock worth $168,000 after acquiring an additional 1,215 shares during the period. Brookfield Corp ON bought a new position in GDS during the third quarter valued at about $171,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in GDS in the 2nd quarter valued at $108,000. Hedge funds and other institutional investors 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.