GDS (NASDAQ:GDS) Shares Gap Up to $6.77

GDS Holdings Limited (NASDAQ:GDS)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $6.77, but opened at $7.06. GDS shares last traded at $7.06, with a volume of 235,445 shares changing hands.

Wall Street Analysts Forecast Growth

GDS has been the topic of a number of research reports. JPMorgan Chase & Co. decreased their price target on GDS from $12.00 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday, March 28th. StockNews.com raised GDS to a “sell” rating in a research report on Thursday, March 21st. One research 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $15.69.

GDS Trading Down 0.8 %

The company’s 50 day simple moving average is $7.02 and its 200 day simple moving average is $8.17. 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 firm has a market cap of $1.37 billion, a price-to-earnings ratio of -2.16 and a beta of 0.40.

GDS (NASDAQ:GDS) last released its earnings results on Tuesday, March 26th. The company reported ($0.62) EPS for the quarter, missing the consensus estimate 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 return on equity of 8.90% and a negative net margin of 43.25%. As a group, research analysts expect that GDS Holdings Limited will post -1.28 earnings per share for the current fiscal year.

Institutional Trading of GDS

Several hedge funds have recently added to or reduced their stakes in GDS. Barclays PLC increased its position in shares of GDS by 132.8% in the 2nd quarter. Barclays PLC now owns 2,898 shares of the company’s stock valued at $32,000 after purchasing an additional 1,653 shares during the last quarter. Signaturefd LLC lifted its holdings in GDS by 20.0% during the 3rd quarter. Signaturefd LLC now owns 8,714 shares of the company’s stock worth $95,000 after buying an additional 1,451 shares during the last quarter. abrdn plc lifted its holdings in GDS by 16.4% during the 3rd quarter. abrdn plc now owns 203,408 shares of the company’s stock worth $2,227,000 after buying an additional 28,600 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of GDS by 76.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,630,386 shares of the company’s stock worth $17,853,000 after acquiring an additional 707,149 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in shares of GDS in the 3rd quarter valued at about $749,000. 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.