GDS (GDS) Stock Price Up 9.2%

GDS Holdings Ltd – (NASDAQ:GDS) shares rose 9.2% during mid-day trading on Wednesday . The stock traded as high as $38.63 and last traded at $38.01. Approximately 1,439,351 shares traded hands during trading, an increase of 36% from the average daily volume of 1,056,187 shares. The stock had previously closed at $34.82.

GDS has been the subject of several recent analyst reports. BidaskClub lowered GDS from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th. Credit Suisse Group set a $42.00 target price on GDS and gave the company a “buy” rating in a research note on Tuesday, March 19th. Zacks Investment Research lowered GDS from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Finally, TheStreet upgraded GDS from a “d” rating to a “c-” rating in a research note on Wednesday, March 13th. Two research analysts have rated the stock with a sell rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $41.75.

The company has a market cap of $3.90 billion, a price-to-earnings ratio of -74.53 and a beta of 3.18. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.87 and a quick ratio of 0.87.

GDS (NASDAQ:GDS) last announced its earnings results on Tuesday, May 14th. The company reported ($0.18) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.13) by ($0.05). GDS had a negative net margin of 15.41% and a negative return on equity of 7.56%. The business had revenue of $891.80 million during the quarter, compared to analyst estimates of $888.42 million. During the same quarter last year, the business posted ($0.71) earnings per share. The business’s quarterly revenue was up 58.6% compared to the same quarter last year. On average, equities research analysts forecast that GDS Holdings Ltd – will post -0.42 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of GDS. SeaBridge Investment Advisors LLC boosted its holdings in GDS by 100.0% in the first quarter. SeaBridge Investment Advisors LLC now owns 1,000 shares of the company’s stock valued at $36,000 after acquiring an additional 500 shares during the last quarter. FNY Investment Advisers LLC bought a new position in GDS during the first quarter worth about $124,000. Cowen Prime Services LLC bought a new position in GDS during the first quarter worth about $143,000. Oppenheimer Asset Management Inc. bought a new position in GDS during the first quarter worth about $166,000. Finally, Stevens Capital Management LP bought a new position in GDS during the fourth quarter worth about $205,000. Institutional investors and hedge funds own 54.07% of the company’s stock.

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GDS Company Profile (NASDAQ:GDS)

GDS Holdings Limited, together with its subsidiaries, designs, builds, and operates data centers in the People's Republic of China. The company provides colocation, managed hosting, and managed cloud services, as well as consulting services. Its data centers service customers that primarily operate in the Internet and banking industries in Shanghai and Beijing municipalities; and Jiangsu, Guangdong, Sichuan, and Hebei Provinces.

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